EU extends sanctions against Crimea and Sevastopol by one year
On 17 June 2016, the Council extended the restrictive measures against Crimea and Sevastopol until 23 June 2017, the EC Council said Friday.
“The measures apply to EU persons and EU based companies. They are limited to the territory of Crimea and Sevastopol. The sanctions 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. Technical assistance, brokering, construction or engineering services related to infrastructure in these sectors must not be provided either.”
The Council said the EU will remain committed to fully implement its non-recognition policy of the Crimea and Sevastopol annexation, according to the declaration by the High Representative for Foreign Affairs And Security Policy on behalf of the EU, 13 March 2016.
