{"id":206372,"date":"2022-03-02T11:47:32","date_gmt":"2022-03-02T09:47:32","guid":{"rendered":"https:\/\/maritimes.gr\/eu-restrictive-measures-in-response-to-the-crisis-in-ukraine\/"},"modified":"2022-03-02T11:47:32","modified_gmt":"2022-03-02T09:47:32","slug":"eu-restrictive-measures-in-response-to-the-crisis-in-ukraine","status":"publish","type":"post","link":"https:\/\/maritimes.gr\/en\/eu-restrictive-measures-in-response-to-the-crisis-in-ukraine\/","title":{"rendered":"EU restrictive measures in response to the crisis in Ukraine"},"content":{"rendered":"

\"\"<\/p>\n

EU adopts further measures to respond to Russia\u2019s military aggression<\/strong><\/p>\n

The EU is taking measures to respond to the unprovoked and unjustified military aggression carried out by the Russian Federation against Ukraine.<\/p>\n

On 28 February, the Council approved:<\/p>\n

\u2022 a ban on transactions with the Russian Central Bank<\/p>\n

\u2022 \u20ac 500 million support package to finance equipment and supplies to the Ukrainian armed forces<\/p>\n

\u2022 a ban on the overflight of EU airspace and on access to EU airports by Russian carriers of all kinds<\/p>\n

\u2022 new sanctions on persons and entities<\/p>\n

\u2022 Russia\u2019s military aggression against Ukraine: Council imposes sanctions on 26 persons and one entity (press release, 28 February 2022)<\/a><\/p>\n

\u2022 EU adopts new set of measures to respond to Russia\u2019s military aggression against Ukraine (press release, 28 February 2022)<\/a><\/p>\n

On 25 February 2022, the EU decided to freeze the assets of Vladimir Putin, President of the Russian Federation, and Sergey Lavrov, Minister for Foreign Affairs of the Russian Federation.<\/p>\n

On 23 February 2022, the Council agreed on a first package of sanctions in response to the recognition by Russia of the non-government controlled areas of the Donetsk and Luhansk oblasts in Ukraine as independent entities.<\/p>\n

More information<\/strong>:<\/p>\n

\u2022 Timeline – EU restrictive measures in response to the crisis in Ukraine (background information)<\/a><\/p>\n

\u2022 List of persons and entities under EU restrictive measures over the territorial integrity of Ukraine (Official Journal of the EU)<\/a><\/p>\n

Since March 2014, the EU has progressively imposed restrictive measures in response to the:<\/p>\n

\u2022 illegal annexation of Crimea in 2014<\/p>\n

\u2022 decision to recognise the non-government controlled areas of Donetsk and Luhansk oblasts as independent entities in 2022<\/p>\n

\u2022 unprovoked and unjustified military aggression against Ukraine in 2022<\/p>\n

The EU has imposed different types of restrictive measures<\/strong>:<\/p>\n

\u2022 diplomatic measures<\/p>\n

\u2022 individual restrictive measures (asset freezes and travel restrictions)<\/p>\n

\u2022 restrictions on economic relations with Crimea and Sevastopol, and with the non-government controlled areas of Donetsk and Luhansk<\/p>\n

\u2022 economic sanctions<\/p>\n

\u2022 restrictions on economic cooperation<\/p>\n

Below you can find more information on each type of restrictive measures.<\/strong><\/p>\n

Diplomatic measures<\/strong><\/p>\n

In 2014, the EU-Russia summit was cancelled and EU member states decided not to hold regular bilateral summits with Russia. Bilateral talks with Russia on visa matters, as well as on the new agreement between the EU and Russia, were suspended.<\/p>\n

Instead of the G8 summit in Sochi, a G7 meeting was held – without Russia – in Brussels on 4-5 June 2014. Since then, meetings have continued within the G7 process.<\/p>\n

EU countries also supported the suspension of negotiations over Russia’s joining the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA).<\/p>\n

In February 2022, following Russia’s military aggression against Ukraine, the EU decided that diplomats, other Russian officials and business people are no longer able to benefit from visa facilitation provisions, which allow privileged access to the EU. This decision doesn’t affect ordinary Russian citizens.<\/p>\n

Individual restrictive measures<\/strong><\/p>\n

Asset freezes and travel restrictions<\/strong><\/p>\n

680 people and 53 entities are subject to an asset freeze and a travel ban because their actions have undermined Ukraine’s territorial integrity, sovereignty and independence. The list of sanctioned persons and entities are kept under constant review and are subject to periodic renewals by the Council.<\/p>\n

These measures were introduced in March 2014. They were last extended until 15 March 2022.<\/p>\n

\u2022 List of persons and entities under EU restrictive measures over the territorial integrity of Ukraine (Official Journal of the EU)<\/a><\/p>\n

Misappropriation of Ukrainian state funds<\/strong><\/p>\n

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 2020 until 6 March 2022.<\/p>\n

Restrictions on economic relations with Crimea and Sevastopol<\/p>\n

The Council adopted restrictive measures in response to the illegal annexation of Crimea and Sevastopol by the Russian Federation.<\/p>\n

The measures apply to EU nationals and EU-based companies. Their scope is limited to the territory of Crimea and Sevastopol.<\/p>\n

These measures include<\/strong>:<\/p>\n

\u2022 an import ban on goods<\/p>\n

\u2022 restrictions on trade and investment related to certain economic sectors and infrastructure projects<\/p>\n

\u2022 a prohibition on supplying tourism services<\/p>\n

\u2022 an export ban on certain goods and technologies<\/p>\n

On 21 June 2021, the Council extended these measures until 23 June 2022.<\/p>\n

Restrictions on economic relations with non-government controlled areas of Donetsk and Luhansk<\/p>\n

The Council adopted restrictive measures in response to the decision by the Russian Federation to proceed with the recognition of the non-government controlled areas of Donetsk and Luhansk oblasts in Ukraine as independent entities, and the ensuing decision to send Russian troops into these areas.<\/p>\n

The scope of the measures is limited to the non-government controlled territories of Donetsk and Luhansk oblasts. These measures include:<\/p>\n

\u2022 an import ban on goods<\/p>\n

\u2022 restrictions on trade and investment related to certain economic sectors<\/p>\n

\u2022 a prohibition on supplying tourism services<\/p>\n

\u2022 an export ban on certain goods and technologies<\/p>\n

These measures are in place until 23 February 2023.<\/p>\n

Economic sanctions targeting exchanges with Russia in specific economic sectors<\/p>\n

In July and September 2014, the EU imposed economic sanctions targeting exchanges with Russia in specific economic sectors.<\/p>\n

In March 2015, EU leaders decided to align the existing sanctions regime to the complete implementation of the Minsk agreements, which was scheduled for the end of December 2015. Since this did not happen, the Council extended the economic sanctions until 31 July 2016.<\/p>\n

The economic sanctions have been extended successively for six months at a time since 1 July 2016. The decision to extend them was made each time following an assessment of the implementation of the Minsk agreements. The economic sanctions are currently extended until 31 July 2022.<\/p>\n

These restrictive measures<\/strong>:<\/p>\n

\u2022 limit access to EU primary and secondary capital markets for certain Russian banks and companies<\/p>\n

\u2022 impose an export and import ban on trade in arms<\/p>\n

\u2022 establish an export ban on dual-use goods for military use or military end users in Russia<\/p>\n

\u2022 impose an export ban in goods and technology in the aviation and space industry<\/p>\n

\u2022 curtail Russian access to certain sensitive technologies and services that can be used for oil production and exploration<\/p>\n

In February 2022, the EU adopted new measures:<\/p>\n

\u2022 restriction of access the EU\u2019s capital and financial markets and services<\/p>\n

\u2022 a ban on transactions with the Russian Central Bank<\/p>\n

\u2022 a ban on the overflight of EU airspace and on access to EU airports by Russian carriers of all kinds<\/p>\n

Measures concerning economic cooperation<\/strong><\/p>\n

Restrictions on economic cooperation were introduced by EU leaders in July 2014<\/strong>:<\/p>\n

\u2022 the European Investment Bank (EIB) was requested to suspend the signing of new financing operations in the Russian Federation<\/p>\n

\u2022 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 suspending the financing of new operations<\/p>\n

\u2022 the implementation of EU bilateral and regional cooperation programmes with Russia was re-assessed and certain programmes suspended<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

EU adopts further measures to respond to Russia\u2019s military aggression The EU is taking measures […]<\/p>\n","protected":false},"author":23,"featured_media":206370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[297],"tags":[],"class_list":["post-206372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-english"],"yoast_head":"\nEU restrictive measures in response to the crisis in Ukraine - Maritimes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimes.gr\/en\/eu-restrictive-measures-in-response-to-the-crisis-in-ukraine\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU restrictive measures in response to the crisis in Ukraine - 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