New EU sanctions in relation to Ukraine

There were significant developments in relation to Ukraine last week, with both the EU and US announcing significant new measures. This e-alert summarises the new EU measures. 

On 18 July 2014, the European Council adopted Regulation (EU) No 783/2014, which expanded the scope of individuals, entities and bodies who could be added to the list of sanctions targets. Those materially or financially supporting actions undermining or threatening Ukraine’s sovereignty, territorial integrity and independence are now within scope and can be listed.

On 25 July 2014, the European Council adopted further restrictive measures. Regulation (EU) No 811/2014 expanded again the scope of individuals, entities and bodies who could be added to the list of sanctions targets. Those providing material or financial support to, or benefiting from, Russian decision makers responsible for the annexation of Crimea and Sevastopol or the destabilisation of eastern Ukraine are now able to be targeted. Regulation (EU) No 810/2014 added 15 individuals and 18 entities to the list of sanctions targets…

Click on the link below to read the rest of the Allen & Overy briefing.

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