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EU sanctions against Russia over Ukraine crisis

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INTRO

 

In response to the illegal annexation of Crimea and deliberate destabilisation of a neighbouring sovereign country, the EU has imposed restrictive measures against the Russian Federation.

 

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Overview

The European Union is focusing its efforts on de-escalating the crisis in Ukraine. The EU calls on all sides to continue engaging in a meaningful and inclusive dialogue leading to a lasting solution; to protect the unity and territorial integrity of the country and to strive to ensure a stable, prosperous and democratic future for all Ukraine's citizens. The EU has also proposed to step-up its support for Ukraine's economic and political reforms.

An extraordinary meeting of the Council of the European Union on 3 March 2014 condemned the clear violation of Ukrainian sovereignty and territorial integrity by acts of aggression by the Russian armed forces as well as the authorisation given by the Federation Council of Russia on 1 March for the use of the armed forces on the territory of Ukraine. The EU called on Russia to immediately withdraw its armed forces to the areas of their permanent stationing, in accordance with the Agreement on the Status and Conditions of the Black Sea Fleet stationing on the territory of Ukraine of 1997.

In a statement of the Heads of State or Government following an extraordinary meeting on 6 March, the EU underlined that a solution to the crisis must be found through negotiations between the Governments of Ukraine and the Russian Federation, including through potential multilateral mechanisms. Having first suspended bilateral talks with the Russian Federation on visa matters and discussions on the New (EU-Russia) Agreement as well as preparations for participation in the G8 Summit in Sochi, the EU also set out a second stage of further measures in the absence of de-escalatory steps and additional far-reaching consequences for EU-Russia relations in case of further destabilisation of the situation in Ukraine.

In the absence of de-escalatory steps by the Russian Federation, on 17 March 2014 the EU imposed the first travel bans and asset freezes against Russian and Ukrainian officials following Russia’s illegal annexation of Crimea. The EU strongly condemned Russia’s unprovoked violation of Ukrainian sovereignty and territorial integrity.

The EU believes a peaceful solution to the crisis should be found through negotiations between the Governments of Ukraine and the Russian Federation, including through potential multilateral mechanisms.

The EU also remains ready to reverse its decisions and reengage with Russia when it starts contributing actively and without ambiguities to finding a solution to the Ukrainian crisis.

Diplomatic measures

  1. Instead of the G8 summit in Sochi, a G7 meeting was held in Brussels on 4-5 June. EU countries also supported the suspension of negotiations over Russia's joining the OECD and the International Energy Agency.
  2. The EU-Russia summit was cancelled and EU member states decided not to hold regular bilateral summits. Bilateral talks with Russia on visa matters as well as on the New Agreement between the EU and Russia were suspended. In addition, a re-assessment of EU-Russia cooperation programmes is currently ongoing with a view to suspending the implementation of EU bilateral and regional cooperation programmes. Projects dealing exclusively with cross-border cooperation and civil society will be maintained.

Restrictive measures (asset freezes and visa bans)

  1. Asset freezes and visa bans apply to 119 persons while 23 entities are subject to a freeze of their assets in the EU. This includes 113 persons and 10 entities responsible for action against Ukraine's territorial integrity, six persons providing support to or benefitting Russian decision-makers and 13 entities in Crimea and Sevastopol that were confiscated or that have benefitted from a transfer of ownership contrary to Ukrainian law. 

Factsheet on EU restrictive measurespdf

List of persons and entities subject to sanctionspdf

Restrictions for Crimea and Sevastopol

As the EU does not recognise the annexation of Crimea and Sevastopol, the following restrictions have been imposed.

  1. The EU has adopted a prohibition on imports originating from Crimea and Sevastopol unless accompanied by a certificate of origin from the Ukrainian authorities. In addition, trade and investment restrictions are in place for the following sectors: infrastructure projects in transport, telecommunications and energy and in relation to the exploitation of oil gas and minerals. Key equipment for the same six sectors may not be exported to Crimea and Sevastopol; finance and insurance services related to such transactions must not be provided.

Information note to EU businesses operating and/or investing in Crimea/Sevastopol pdf

Measures targeting sectoral cooperation and exchanges with Russiapdf ("Economic" sanctions)

  • EU nationals and companies may no longer buy or sell new bonds, equity or similar financial instruments with a maturity exceeding 30 days, issued by:
    • five major state-owned Russian banks, their subsidiaries outside the EU and those acting on their behalf or under their control.
    • three major Russia energy companies and
    • three major Russian defence companies.
  • Services related to the issuing of such financial instruments, e.g. brokering, are also prohibited.
  • EU nationals and companies may not provide loans to five major Russian state-owned banks.
  • Embargo on the import and export of arms and related material from/to Russia, covering all items on the EU common military list.
  • Prohibition on exports of dual use goods and technology for military use in Russia or to Russian military end-users, including all items in the EU list of dual use goods. Export of dual use goods to nine mixed defence companies is also banned.
  • Exports of certain energy-related equipment and technology to Russia are subject to prior authorisation by competent authorities of Member States. Export licenses will be denied if products are destined for deep water oil exploration and production, arctic oil exploration or production and shale oil projects in Russia.
  • Services necessary for deep water oil exploration and production, arctic oil exploration or production and shale oil projects in Russia may not be supplied, for instance drilling, well testing or logging services. 

Information note on capital marketspdf(83 kB)

Measures concerning economic cooperation

  1. On 16 July, the European Council requested the EIB to suspend the signature of new financing operations in the Russian Federation. European Union Member States will coordinate their positions within the EBRD Board of Directors with a view to also suspending financing of new operations.
  2. The Council invited the Commission to re-assess EU-Russia cooperation programmes with a view to taking a decision, on a case by case basis, on the suspension of the implementation of EU bilateral and regional cooperation programmes. However, projects dealing exclusively with cross-border cooperation and civil society will be maintained.

 More information on EU sanctions against Russia

 

CONTACTS

European External Action Service (EEAS)

  • Maja KOCIJANCIC
    EEAS Spokesperson
    Office: BERL 03/353
    Tel: +32 (0)2 29 86570
    Mobile: +32 (0)498 984 425
    Email
    Twitter:@MajaEUspox
  • Eamonn PRENDERGAST
    EEAS Press Officer
    Office: BERL 03/347
    Tel: +32 (0)2 29 98851
    Mobile: +32 (0)460 753 293
    Email

Council of the European Union

 

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