EU extends sanctions against Russia over Crimea annexation by one year

13:17, 18 June 2018
Economy
361 0
REUTERS

"The measures apply to EU persons and EU based companies. They are limited to the territory of Crimea and Sevastopol," the European Council said in a press release.

Read alsoUkraine, three other countries align with EU Council's sanctions decision following Putin's "elections" in occupied Crimea

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.

As stated in the declaration by the High Representative for Foreign Affairs and Security Policy on behalf of the EU on March 16, 2018, the EU remains firmly committed to Ukraine's sovereignty and territorial integrity. Four years on from the illegal annexation of the Autonomous Republic of Crimea and the city of Sevastopol by the Russian Federation, the EU reiterated that it does not recognize and continues to condemn this violation of international law.

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