EU extends Crimean sanctions by one year

19-06-2017
EU extends Crimean sanctions by one year
European Union

On 19 June 2017, the European Council extended the restrictive measures in response to the illegal annexation of Crimea and Sevastopol by Russia in 2014. The measures, extended until 23 June 2018, apply to EU persons and EU based companies. They are limited to the territory of Crimea and Sevastopol and include prohibitions on:

  • imports of products originating in Crimea or Sevastopol into the EU;
  • investment in Crimea or Sevastopol, meaning that no Europeans nor EU-based companies can buy real estate or entities in Crimea, finance Crimean companies or supply related services;
  • tourism services in Crimea or Sevastopol, in particular, European cruise ships cannot call at ports in the Crimean peninsula, except in case of emergency;
  • exports of certain goods and technologies to Crimean companies or for use in Crimea in the transport, telecommunications and energy sectors and related to the prospection, exploration and production of oil, gas and mineral resources.

“The EU continues to condemn the illegal annexation of Crimea and Sevastopol by the Russian Federation and remains committed to fully implement its non-recognition policy,” the EU declaration stated on 17 March 2017.