On 5 March 2015, European Union officials announced that EU asset freezes against ousted Ukrainian President Viktor Yanukovich and seventeen others suspected of misappropriating state assets had been extended. The sanctions are extended by twelve months for fourteen of the listed individuals and by three months for the remaining four.
In a statement, the European Council said that the sanctions targeted “persons subject to initial investigations on the embezzlement of Ukrainian state funds”, and that “The Council has adjusted the sanctions to take account of progress in these judicial proceedings”.
The listings are extended by Council Implementing Regulation (EU) 2015/357 implementing Council Regulation (EU) 208/2014 and Council Decision (CFSP) 2015/364 amending Council Decision 2014/119/CFSP. The sanctions were originally brought into force on 6 March 2014 (see previous blog).
A list of sanctions in force against Ukraine can be found in the “sanctions in force” section of this website.