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White & Case Ukraine News Update

EU Updates Sanctions Against Libya and Syria, and Introduces Import Ban for Crimean Products

White & Case Ukraine News Update

The EU Council on 23 June 2014 took several sanctions-related actions,[1] all effective on 24 or 25 June 2014, including: the introduction of an EU import ban for products from Crimea and Sevastopol (and related financing/insurance services); an update of the EU sanctions against Libya with respect to implement a recent UN Security Council Resolution aimed at preventing illicit crude oil transactions involving vessels designated at UN level (while also removing two entities from the asset freeze list); and the addition of 12 individuals to the Syria asset freeze list.

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