Brussels, 19-12-2014 — /EuropaWire/ — Crimea and Sevastopol. This is to reinforce the EU’s policy of not recognising their illegal annexation by Russia and follows a conclusion by the Foreign Affairs Council of 17 November.
From 20 December, investment in Crimea or Sevastopol is outlawed. Europeans and EU-based companies may no more buy real estate or entities in Crimea, finance Crimean companies or supply related services.
In addition, EU operators will no more be permitted to offer tourism services in Crimea or Sevastopol. In particular, European cruise ships may no more call at ports in the Crimean peninsula, except in case of emergency. This applies to all ships owned or controlled by a European or flying the flag of a member state. Existing cruise contracts may be still be honoured until 20 March.
It has also been prohibited to export certain goods and technology to Crimean companies or for use in Crimea. These concern the transport, telecommunications and energy sectors or the prospection, exploration and production of oil, gas and mineral resources.
Technical assistance, brokering, construction or engineering services related to infrastructure in the same sectors must not be provided.
The decision was adopted by written procedure. Legal texts are available in the Official Journal of 19 December. The measures are applicable from 20 December.
These measures add to an import ban on goods from Crimea and Sevastopol, imposed in June, as well as restrictions introduced in July on trade and investment related to certain economic sectors and infrastructure projects.
More information:
Council conclusions on Ukraine, 17 November 2014
Fact sheet EU-Ukraine relations
Fact sheet EU restrictive measures
Press office – General Secretariat of the Council
Rue de la Loi 175 – B-1048 BRUSSELS – Tel.: +32 (0)2 281 6319
press.office@consilium.europa.eu – www.consilium.europa.eu/press
(IN BRIEF) The Australian Government has granted feasibility licences to Ørsted for its first offshore…
(IN BRIEF) Wood, a prominent consulting and engineering firm, has secured a new 23-month contract…
(IN BRIEF) NatWest Group and the Federation of Small Businesses (FSB) have joined forces to…
(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing…
(IN BRIEF) Britt Meelby Jensen, the CEO of Ambu A/S, is nominated to join the…
(IN BRIEF) The latest EY CEO Outlook Pulse survey reveals a nuanced perspective among CEOs,…