EU adds 12 people (political figures, military and something journalist) to Ukraine sanctions, more sanctions may follow
Like a further reaction to recent developments in Crimea, the EU today added another 12 names towards the existing listing of people in Russia and Crimea susceptible to a visa ban and resource freeze. These limitations were printed in Regulation 284/2014 within the Official Journal from the EU on 21 March 2014 and joined into pressure on the day that.
Additionally, the EU has mentioned that far-reaching sanctions measures against Russia could be forthcoming as a result of any more steps by Russia to destabilize the problem in Ukraine.
II. Scope from the Sanctions –
According to conclusions released through the European Council late Thursday, 20 March 2014,2 the EU has broadened their email list of people susceptible to a visa ban and resource freeze as a result of the considered illegal annexation of Crimea and Sevastopol. On 21 March 2014, the present EU resource freeze listing of persons in Russia and Crimea was broadened from 21 persons to 33 persons.
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1 See Council Regulation 284/2014.
2 See Council Conclusions on Ukraine of 20 March 2014.
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11. Lt. Gen. Igor Turchenyuk (Commander of the Russian forces in Crimea)
12. Elena Borisovna Mizulina (Deputy in the State Duma)
As a result of this asset freeze, all funds and economic resources belonging to,
or controlled by, the listed persons and that fall under EU jurisdiction (e.g., held
by EU banks) will be frozen. Furthermore, no funds or economic resources may
be made available – directly or indirectly – to or for the benefit of the listed
persons by parties falling under EU jurisdiction.
Member States can authorise derogations from the asset freeze in certain
limited circumstances. There are two notable situations (in addition to the
standard provisions relating to the basic needs, legal services, etc.): first, where
release of funds is to satisfy a court or arbitral decision that predates the asset
freeze, where the beneficiary is not the listed person (Article 5 of Regulation
269/2014), and second, where a payment by a listed party is due under a
contract that pre-dates the asset freeze, provided the payment does not benefit
that listed party (Article 6 of Regulation 269/2014).
These sanctions apply to the EU territory (including its airspace), nationals of
EU Member States (including those located outside the EU), and on board
vessels and aircraft under Member State jurisdiction. Sanctions further
apply to companies incorporated or registered under the law of an EU
Member State and to other non-EU companies in respect of business done
in whole or in part in the EU. This means that non-EU companies can be
covered by the newly adopted measures, depending on the particular
circumstances under which they perform their business activities in the EU.
With respect to potential further expansion of EU sanctions against Russia, the
European Council promised in its statement of 20 March 2014 that sanctions
measures “in a broad range of economic areas” would be forthcoming in the
event Russia takes any further steps to destabilize the situation in Ukraine.
Work by the Commission and Member States on such possible sanctions
measures is currently ongoing, and the timeline is uncertain. On 21 March
2014, the EU also signed the political provisions of the EU-Ukraine Association
An alert describing the first wave of US sanctions measures against Russia
introduced on 17 March 2014 can be accessed here. In addition, on 20 March
2014, the United States issued a second wave of designations (covering 20
individuals, including prominent businessmen, and one bank, Bank Rossiya)
under Executive Order 13661 published on 17 March 2014. More information
about that is available here.
More information on the EU’s sanctions regime against other countries can be
found in our latest client alerts on Iran, Syria and Belarus.
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3 See Statement by President Van Rompuy of 21 March 2014.
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