In March 2014, the EU imposed restrictive measures against those responsible for actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine.  These measures consist of asset freezes and sectoral economic sanctions, and will expire, unless further extended, on January 30, 2019.  For instance, among other restrictions, it is prohibited to:

  • import or export arms and related material to or from Russia;
  • sell, supply, transfer or export dual-use goods and technology for military use in Russia or to any designated person or entity;
  • make loans or credit with a maturity exceeding 30 days to any designated person or entity;
  • transact or deal with certain financial instruments issued by designated persons or entities;
  • export certain equipment without prior authorization, or provide technical or financial assistance, or other services, in connection with the export, sale, or transfer of such equipment without prior authorization; and
  • provide services for oil exploration and production (1) in Russian waters deeper than 150 meters, (2) in the offshore area north of the Arctic Circle, or (3) for projects with the potential to produce oil from shale formations through hydraulic fracturing.

Additional economic, trade and financial restrictions are in place in connection with the illegal annexation of Crimea and Sevastopol.  More information can be found here and here.

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