On 30 July, the European Council published new legislation targeting entities involved in sensitive sectors in Crimea and Sevastopol. Amongst other restrictions, EU Regulation 825/2014 includes prohibitions on: Providing loans or other credit which would be used to exploit oil, gas and other mineral resources in Crimea and Sevastopol; Providing loans or other credit which would be used to acquire or develop infrastructure in the transport, telecommunications and energy sectors in Crimea and Sevastopol; Providing…

Effective from 25 July 2014, the EU has designated 15 individuals and 18 entities pursuant to Council Implementing Regulation (EU) No 810/2014.  The 15 individuals and nine entities are designated for “undermining the territorial integrity, sovereignty and independence of Ukraine”, whilst a further nine entities are designated on the basis that their “ownership has been transferred contrary to Ukrainian law”.  For ease of reference, please find their names set out below.  For further details of…

We previously reported that on 23 June 2014, the EU implemented an import ban for goods originating from Crimea or Sevastopol (Regulation 692/2014), subject to two exceptions (set out in Article 3(a) and (b)). These measures entered into force on 25 June 2014. On 4 July 2014, the EU published an amendment, adding the wording underlined below to Article 3(b) of Regulation 692/2014, thereby clarifying the scope of this exception:&llt;/span> “The prohibitions…shall not apply in…