{"id":79170,"date":"2017-09-14T17:07:10","date_gmt":"2017-09-14T17:07:10","guid":{"rendered":"http:\/\/uacrisis.org\/?p=60377"},"modified":"2017-09-14T17:08:03","modified_gmt":"2017-09-14T14:08:03","slug":"60377-eu-restrictive-measures","status":"publish","type":"post","link":"https:\/\/uacrisis.org\/en\/60377-eu-restrictive-measures","title":{"rendered":"EU restrictive measures in response to the crisis in Ukraine"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>The following is the overview of the EU restrictive measures introduced against Russia in response to the crisis in Ukraine, <a href=\"http:\/\/www.consilium.europa.eu\/en\/policies\/sanctions\/ukraine-crisis\/\">originally published<\/a> by the European Council.<\/em><\/p>\n<div style=\"width: 662px;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-79170-1\" width=\"662\" height=\"372\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/static.council-tvnewsroom.eu\/397b1ca2-eb96-11e5-be91-bc764e093073\/16-03-16-107880-Ukraine-Russia%20Sanctions%20Update_PRV-HQ.mp4?_=1\" \/><a href=\"https:\/\/static.council-tvnewsroom.eu\/397b1ca2-eb96-11e5-be91-bc764e093073\/16-03-16-107880-Ukraine-Russia%20Sanctions%20Update_PRV-HQ.mp4\">https:\/\/static.council-tvnewsroom.eu\/397b1ca2-eb96-11e5-be91-bc764e093073\/16-03-16-107880-Ukraine-Russia%20Sanctions%20Update_PRV-HQ.mp4<\/a><\/video><\/div>\n<p style=\"text-align: justify;\">Since March 2014, the EU has progressively imposed restrictive measures against Russia. The measures were adopted in response to the\u00a0<strong>illegal annexation of Crimea\u00a0<\/strong>and the deliberate\u00a0<strong>destabilisation of Ukraine<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The EU imposes\u00a0<strong>different types<\/strong>\u00a0of restrictive measures:<\/p>\n<ul style=\"text-align: justify;\">\n<li>diplomatic measures<\/li>\n<li>individual restrictive measures (asset freeze and travel restrictions)<\/li>\n<li>restrictions on economic relations\u00a0with Crimea and Sevastopol<\/li>\n<li>economic sanctions<\/li>\n<li>restrictions on economic cooperation<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Below you can find more information on each type of restrictive measures.<\/p>\n<h3 style=\"text-align: justify;\">Diplomatic measures<\/h3>\n<p style=\"text-align: justify;\">In 2014, the\u00a0<strong>EU-Russia summit was cancelled<\/strong>\u00a0and 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.<\/p>\n<p style=\"text-align: justify;\">Instead of the G8 summit in Sochi, a\u00a0<strong>G7 meeting<\/strong>\u00a0was held in Brussels on 4-5 June 2014. Since then, meetings have continued within the G7 process.<\/p>\n<p style=\"text-align: justify;\">EU countries also supported the suspension of negotiations over Russia&#8217;s joining the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA).<\/p>\n<h3 style=\"text-align: justify;\">Individual restrictive measures<\/h3>\n<h4 style=\"text-align: justify;\">Asset freeze and travel restrictions<\/h4>\n<p style=\"text-align: justify;\"><strong>153 people and 40 entities<\/strong>\u00a0are subject to an asset freeze and a travel ban because their actions undermined Ukraine&#8217;s territorial integrity, sovereignty and independence.<\/p>\n<p style=\"text-align: justify;\">The measures were introduced in March 2014. They were last extended in September 2017\u00a0<strong>until 15 March 2017<\/strong>.<\/p>\n<h4 style=\"text-align: justify;\">Misappropriation of Ukrainian state funds<\/h4>\n<p style=\"text-align: justify;\">In March 2014, the Council decided to freeze the assets of individuals responsible for the misappropriation of Ukrainian state funds. These measures were last extended in March 2017\u00a0<strong>until 6 March 2018<\/strong>.<\/p>\n<h3 style=\"text-align: justify;\">Restrictions on economic relations\u00a0with Crimea and Sevastopol<\/h3>\n<p style=\"text-align: justify;\">The Council adopted restrictive measures in response to the illegal annexation of Crimea and Sevastopol by the Russian Federation.<\/p>\n<p style=\"text-align: justify;\">The measures apply to EU persons and EU based companies. They are limited to the territory of Crimea and Sevastopol.<\/p>\n<p style=\"text-align: justify;\">These measures include:<\/p>\n<ul style=\"text-align: justify;\">\n<li>an\u00a0<strong>import ban<\/strong>\u00a0on goods\u00a0from Crimea and Sevastopol<\/li>\n<li><strong>restrictions on trade and investment<\/strong>\u00a0related to certain economic sectors and infrastructure projects<\/li>\n<li>a\u00a0<strong>prohibition to supply tourism services<\/strong>\u00a0in Crimea or Sevastopol<\/li>\n<li>an\u00a0<strong>export ban<\/strong>\u00a0for certain goods and technologies<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\u00a0On 19 June 2017, the Council extended these measures until\u00a0<strong>23 June 2018<\/strong>.<\/p>\n<h3 style=\"text-align: justify;\">Economic sanctions targeting exchanges with Russia in specific economic sectors<\/h3>\n<p style=\"text-align: justify;\">In\u00a0<strong>July and September 2014<\/strong>, the EU imposed economic sanctions targeting exchanges with Russia in specific economic sectors.<\/p>\n<p style=\"text-align: justify;\">In\u00a0<strong>March 2015<\/strong>, EU leaders decided to align the existing sanctions regime to the complete implementation of the\u00a0<strong>Minsk agreements<\/strong>, foreseen for the end of December 2015. Since this did not happen, the Council extended economic sanctions until 31 July 2016.<\/p>\n<p style=\"text-align: justify;\">The economic sanctions were\u00a0<strong>prolonged for 6 months successively<\/strong>\u00a0on 1 July 2016, 19 December 2016, and on 28 June 2017, each time following an assessment of the Minsk agreements implementation. The economic sanctions are currently extended until\u00a0<strong>31 January 2018.<\/strong><\/p>\n<p style=\"text-align: justify;\">These restrictive measures:<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>limit access to EU primary and secondary capital markets<\/strong>\u00a0for certain Russian banks and companies<\/li>\n<li>impose an\u00a0<strong>export and import ban\u00a0on trade in arms<\/strong><\/li>\n<li>establish an\u00a0<strong>export ban for dual-use goods<\/strong>\u00a0for military use or military end users in Russia<\/li>\n<li>curtail Russian\u00a0<strong>access to certain sensitive technologies and services<\/strong>\u00a0that can be used for oil production and exploration<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\">Measures concerning economic cooperation<\/h3>\n<p style=\"text-align: justify;\">Restrictions on economic cooperation were introduced by EU leaders in July 2014:<\/p>\n<ul>\n<li style=\"text-align: justify;\">the EIB was requested to suspend the signature of\u00a0<strong>new financing operations<\/strong>\u00a0in the Russian Federation<\/li>\n<li style=\"text-align: justify;\">EU member states agreed to coordinate their positions within the European Bank for Reconstruction and Development (EBRD) Board of Directors with a view to also suspend the financing of new operations<\/li>\n<li style=\"text-align: justify;\">the implementation of\u00a0<strong>EU bilateral and regional\u00a0cooperation programmes with Russia<\/strong>\u00a0was re-assessed and certain programmes\u00a0<strong>suspended<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The following is the overview of the EU restrictive measures introduced against Russia in response to the crisis in Ukraine, originally published by the European Council. Since March 2014, the EU has progressively imposed restrictive measures against Russia. The measures were adopted in response to the\u00a0illegal annexation of Crimea\u00a0and the deliberate\u00a0destabilisation of Ukraine. The EU [&hellip;] <a class=\"g1-link g1-link-more\" href=\"https:\/\/uacrisis.org\/en\/60377-eu-restrictive-measures\">More<\/a><\/p>\n","protected":false},"author":20,"featured_media":79171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[705,748],"tags":[],"section":[743],"form":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EU restrictive measures in response to the crisis in Ukraine | UACRISIS.ORG<\/title>\n<meta name=\"description\" content=\"The following is the overview of the EU restrictive measures introduced against Russia in response to the crisis in Ukraine, originally published by the | Uacrisis.org\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uacrisis.org\/en\/60377-eu-restrictive-measures\" 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