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White & Case Ukraine News Update

EU Continues Sanctions against Russia and Crimea Into 2016

White & Case Ukraine News Update

On 19 June 2015, the EU Council decided to extend until 23 June 2016 the EU sanctions against Crimea/Sevastopol imposed in June 2014 in response to the annexation of Crimea and Sevastopol.

On 22 June 2015, the EU Council also decided to extend until 31 January 2016 the sectoral sanctions imposed last year against Russia in response to Russia's role in Eastern Ukraine.

The various asset freeze regulations were already prolonged in March 2015.

The extension of these Ukraine-related sanctions is a consequence of the agreement of the European Council last March to link the duration of these sanctions to the complete implementation of the Minsk Agreements (foreseen by the end of 2015).

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