The Council of the EU announced today that it has agreed to renew the EU sanctions against Crimea and Sevastopol until 23 June 2016, and reemphasised in the press release that the EU continues to condemn the illegal annexation of Crimea and Sevastopol to Russia. The implementing legislation has yet to be published.
The European Council has just announced that it has extended its asset freezing provisions for three of the four persons targeted by measures applying until 6 June 2015. The measures are prolonged by nine months for two of the persons targeted and by four months for the third. This decision was taken in the light of ongoing judicial proceedings in Ukraine to which these persons are subject. EU restrictive measures focusing on the freezing and recovery of…
On May 22, 2015, the US Government relaxed certain export and reexport controls imposed under US sanctions targeting the Crimea region of Ukraine (âCrimeaâ). Specifically, the US Treasury Departmentâs Office of Foreign Assets Control (âOFACâ) issued a new General License authorizing the export or reexport from the United States or by US Persons to persons in Crimea of certain services and software incident to the exchange of personal communications over the Internet. In coordination with…
On 5 March 2015, it was announced that the European Council has extended the pre-existing restrictive measures against eighteen individuals. These individuals, including the former Ukrainian President Viktor Yanukovich, have been subject to investigations regarding the misappropriation of Ukrainian state funds. The sanctions have been adjusted in order to reflect the progression of these investigations; and have been extended by a year for fourteen of the individuals listed, and by three months for the…