The European Foreign Affairs Council today unanimously approved the designation of 19 persons and 9 entities involved in action against Ukraineās territorial integrity, though their designation has been delayed until 16 February 2015 and it is suggested will depend on “current diplomatic efforts”. Ā Their identity has not yet been revealed, though it is reported that the list includes 14 separatists, five Russians (rumoured to include Russian Deputy Defence Minister Anatoly Antonov) and one Russian entity.…
On 18 December 2014, the European Union significantly extended its trade sanctions in relation to Crimea and Sevastopol. Regulation 1351/2014 (“the Regulation”) amends Regulation 692/2014 as amended by Regulation 825/2014. The main elements of the new regulation are as follows: Ā· a very significant extension of restrictions on the areas already covered in the earlier Regulations; and an extension to new areas (e.g. real estate and tourism services); Ā· broadening of the restrictions already in…
Council Regulation (EU) No 1351/2014 (the “New Regulation”) enters into force today, 20 December 2014, and introduces substantial sanctions against Crimea and Sevastopol as the EU looks to reinforce that it does not recognise their annexation to Russia and to strengthen existing measures against them targeting trade and investment in Crimea and Sevastopol. The EU’s existing sanctions against Crimea and Sevastopol are set out in Council Regulation (EU) No 692/2014 (as amended). Previously, the EU’s…
The EU has just announced that additional sanctions against Crimea and Sevastopol have been approved to “reinforce the EU’s policy of not recognising their illegal annexation by Russia”. They will be published in the Official Journal tomorrow and take effect from 20 December. The press release states that from 20 December: 1. Investment in Crimea and Sevastopol will be prohibited. Europeans and EU-based companies will be prevented from buying real estate or entities in Crimea,…