EU renews Crimea & Sevastopol sanctions

The EU has renewed its sanctions on Crimea & Sevastopol until 23 June 2017.  These sanctions were imposed in response to Russia’s annexation of Crimea & Sevastopol in 2014.  They prohibit importing products from Crimea & Sevastopol, investing in or providing tourism services, and exporting certain goods, technology, or technical assistance to that region for use in the transport, telecoms, and energy sectors.  See previous blog which explains them in more detail here.

A decision on whether to extend the EU’s other sanctions on Russia is due before they expire on 31 July 2016 (see previous blog).  These economic sanctions impose restrictions on providing financing to Russia’s energy industry and financial sector, an arms embargo, & limit Russia’s access to EU capital markets.  The EU’s asset freezes & travel bans on people and entities said to be undermining the sovereignty/independence of Ukraine are currently due to expire on 15 September 2016.

This entry was posted in Russia, Ukraine by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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