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c Murmansk, RU

Restrictions & Sanctions

European Union Regulations concerning Ukraine and Russia

European Union sanctions include:

  • Arms embargo on Russia
  • Asset freeze and financial restrictions
  • Ban relating to goods originating in Crimea or Sevastopol
  • Ban on new investments in Crimea or Sevastopol
  • Ban on selling, supplying, transferring, or exporting goods and technology to Crimea or Sevastopol
  • Ban on providing services related to tourism activities in Crimea or Sevastopol
  • Ban on the export of certain dual-use goods and technology to Russia
  • Ban relating to deep water and Artic oil exploration or production and shale oil projects in Russia
  • Restrictions on the export of certain energy-related equipment and technology to Russia 
  • Travel ban


Arms embargo
Council Regulation (EU) No 833/2014 of 31 July 2014 introduced an embargo on the trade in arms (Art. 4).

Assets freeze and financial restrictions
Council Regulation (EU) No 208/2014 of 5 March 2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine introduced an asset freeze, freezing of funds and assets of designated persons/entities (Art. 2).

Council Regulation (EU) No 269/2014 of 17 March 2014 expanded the scope of the asset freeze (Art. 2).

Council Regulation (EU) No 960/2014 of 8 September 2014 introduced a wide range of financial restrictions. F.inst. EU nationals and companies can not  provide loans to five major Russian state-owned banks. Trade in new bonds, equity or similar financial instruments with a maturity exceeding 30 days, issued by the same banks, has been prohibited. The same restrictions have been extended to three major Russian defence companies and three major energy companies. Providing services related to the issuing of the above financial instruments, e.g. brokering, is also included in the prohibition.

Ban relating to goods originating in Crimea or Sevastopol
Council Implementing Regulation (EU) No 692/2014 of 23 June 2014 implemented restrictions on goods originating in Crimea or Sevastopol and on the provision, directly or indirectly, of financing or financial assistance, as well as insurance and reinsurance, related to the import of such goods [Art. 2] with effect from 25 June 2014, subject to certain exemptions [Art. 3]. The restrictions apply not only to all Member States, but also to any vessel under the jurisdiction of a Member State.

Ban on new investments in Crimea or Sevastopol
Council Regulation (EU) No 825/2014 of 30 July 2014 amended Council Implementing Regulation (EU) No 692/2014 by introducing a ban on new investments related to infrastructure in the sectors of transport, telecommunications and energy and the exploitation of oil, gas and mineral reserves in Crimea and Sevastopol (Annex II) and an export ban on key equipment and technology related to those sectors (Annex III).

Ban on selling, supplying, transferring, or exporting goods and technology to Crimea or Sevastopol
Council Regulation (EU) No 825/2014 of 30 July 2014 stipulates that it is prohibited the sell, supply, transfer, or export goods and technology as listed in Annex II to persons, entities or bodies in Crimea or Sevastopol, or for use in Crimea or Sevastopol. Annex II includes certain goods and technologies suited for use in the following key sectors: (i) transport; (ii) telecommunications; (iii) energy; and (iv) the prospection, exploration and production of oil, gas and mineral resources (Art. 2b(1)).

The prohibition also applies, directly or indirectly, to technical assistance or brokering services related to the goods and technology as listed in Annex II, or related to the provision, manufacture, maintenance and use of such items to any person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol (Art. 2b(2)).

An exemption up until 21 March 2015 is provided to contracts concluded before 20 December 2014 (Art. 2b. (4)).

Ban on providing services related to tourism activities in Crimea or Sevastopol
Council Regulation (EU) No 825/2014 of 30 July 2014 prohibits any ship* providing cruise services, to enter into or call at any port situated
in the Crimean Peninsula, except in the case of emergency. An exemption is provided to contracts concluded before 20 December 2014 (Art. 2d).

* ships flying the flag of a Member State or any ship owned and under the operational control of a Union shipowner or any ship over which a Union
operator assumed overall responsibility as regards its operation.

Ban on the export of certain dual-use goods and technology to Russia
Council Regulation (EU) No 833/2014 of 31 July 2014 introduced an export ban on certain dual-use goods and technology to Russia or for use in Russia
, if those items are or may be intended, in their entirety or in part, for military use or for a military end-user (Art. 2).

Council Regulation (EU) No 960/2014 of 8 September 2014 further strengthen the ban on exporting dual use goods and technology for military use in Russia to also include a list of nine mixed defence companies that must not receive dual use goods from the EU (Art. 1(2).)

Council Regulation (EU) No 1290/2014 of 4 December 2014 amended the restrictions (Art.1 (1)).

Ban relating to deep water and Arctic oil exploration or production and shale oil projects in Russia
Council Regulation (EU) No 960/2014 of 8 September 2014 introduced a ban on certain services necessary for deep water oil exploration and production, Arctic oil exploration or production and shale oil projects in Russia may no more be supplied, for instance drilling, well testing, logging services or specialized floating vessels (Art.1 (3)).

Council Regulation (EU) No 1290/2014 of 4 December 2014 amended / replaced the restrictions (Art.1 (4)).

Restrictions on the export of certain energy-related equipment and technology to Russia 
Council Regulation (EU) No 833/2014 of 31 July 2014 introduced restrictions on the export on certain energy-related equipment and technology (Annex II) to Russia or any other country, if such equipment or technology is for use in Russia (Art. 3).

Council Regulation (EU) No 1290/2014 of 4 December 2014 amended the restrictions (Art.1 (3)).

Travel ban
Council Decision 2014/145/CFSP of 17 March 2014 introduced a travel ban on designated persons (Art. 1).

Designated persons/entities
The Annex containing designated persons/entities introduced under Council Regulation (EU) No 208/2014 of 5 March 2014 has been amended as follows:

Council Regulation (EU) No 269/2014 of 17 March 2014 
Council Implementing Regulation (EU) No 284/2014 of 21 March 2014
Council Implementing Regulation (EU) No 477/2014 of 12 May 2014
Council Implementing Regulation (EU) No 753/2014 of July 2014
Council Implementing Regulation (EU) No 810/2014 of 25 July 2014
Council Implementing Regulation (EU) No 826/2014 of 30 July 2014
Council Implementing Regulation (EU) No 859/2014 of 8 September 2014
Council Implementing Regulation (EU) No 860/2014 of 8 September 2014
Council Implementing Regulation (EU) No 861/2014 of 8 September 2014
Council Regulation (EU) No 1290/2014 of 4 December 2014

Trading restrictions (Russia)

Trading restrictions imposed against Russia

Trading restrictions imposed by Russia

On 6 August 2014 the Russian President signed an Executive Order “On Applying Certain Special Economic Measures to Ensure the Security of the Russian Federation.” The Executive Order bans the import of certain agricultural products, raw materials and food products (beef, pork, fruits and vegetables, poultry, fish, cheese, milk and dairy products) that originate from the United States, the European Union, Canada, Australia and Norway which declared economic sanctions against Russian organizations and individuals and will be valid for one year.

United Nations Security Council Resolutions

 

 

Restrictions & sanctions (Russia)