Restrictive measures imposed by the EU in 2014 in response to Russia’s actions to destabilize Ukraine are an important element of international diplomatic efforts to reach a solution for the crisis around Ukraine.
Currently the list of EU restrictive measures in force includes:
1. Restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine, imposed by Council Decision 2014/145/CFSP from 17 March 2014. According to these measures, 146 persons and 37 entities are subject to an asset freeze and a travel ban. This sanction regime is reviewed every 6 month.
2. Restrictive measures in response to the illegal annexation of Crimea and Sevastopol (concerning restrictions on goods originating in Crimea or Sevastopol) imposed by Council Decision 2014/386/CFSP from 23 June 2014. These measures include an import ban on goods from Crimea and Sevastopol, full ban on investment, prohibition to supply tourism services in Crimea, ban on export of equipment for the prospection, exploration and production of oil, gas and mineral resources. This sanction regime is reviewed every 12 month.
3. Restrictive measures in response to Russia’s actions destabilising the situation in Ukraine (so called economic end sectorial sanctions), imposed by Council Decision 2014/512/CFSP from 31 July 2014. Currently these restrictive measures limit access to EU primary and secondary capital markets for a number of Russian banking institutions; impose an export and import ban on trade in arms; establish an export ban for dual-use goods for military use or military end users in Russia; limit Russian access to certain sensitive technologies and services that can be used for oil production and exploration. This sanction regime is reviewed every 6 month.
4. Besides, on the basis of Council Decision 2014/119/CFSP from 5 March 2014, the EU imposed restrictive measures against former Ukrainian high officials identified as responsible for the misappropriation of Ukrainian state funds. These sanctions consist of an asset freeze. This sanction regime is reviewed every 12 month.