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EU formally adopts additional restrictive measures against Russia

On 31 July, the EU formally adopted the package of significant additional restrictive measures which was agreed on 29 July. These measures target sectoral cooperation and exchanges with the Russian Federation.

Following the conclusions of the special meeting of the European Council of 16 July, the escalation of violence in eastern Ukraine, and the killing of almost 300 innocent civilians on board of MH17 flight, European Council President Van Rompuy announced that the EU agreed to strengthen sanctions against Russia.

These restrictive measures will:

  • limit access to EU primary and secondary capital markets for Russian state-owned financial institutions
  • impose an embargo on trade in arms
  • establish an export ban for dual use goods for military end users
  • curtail Russian access to certain sensitive technologies that can be used for oil production and exploration

These restrictions will be published in the EU Official Journal on 31 July and will apply from 1 August.

The package reinforces the measures already adopted by the EU since March 2014 on the situation in Ukraine and the illegal annexation of Crimea.

The statement released on 29 July, in the name of the European Union by Herman Van Rompuy and the President of the European Commission, warned the Russian authorities: "The package of new restrictive measures agreed today by the European Union constitutes a powerful signal to the leaders of the Russian Federation: destabilising Ukraine, or any other Eastern European neighbouring State, will bring heavy costs to its economy."

The statement reiterated the willingness of the EU to engage in an open and frank dialogue with the Russian authorities and its readiness to reverse its decisions on sanctions when they start contributing actively and without ambiguities to finding a solution to the Ukrainian crisis.

For more information on EU restrictive measures in view of the crisis in Ukraine, see background note.

 

Latest decisions on Ukraine

25 July - Further EU sanctions over situation in Eastern Ukraine

The Council adopted reinforced EU sanctions. The Council's Committee of Permanent Representatives (COREPER) also discussed the preparatory work on further targeted measures.

22 July - Council takes action on the downing of flight MH17

EU ministers discussed the situation in Ukraine following the downing of flight MH17 as well as further sanctions against Russia.

18 July - Ukraine crisis: EU broadens remit of sanctions

The Council widened the legal basis for EU restrictive measures making it possible to target entities which materially or financially support actions against Ukraine.

16 July - special meeting of the European Council

EU leaders regretted that Russia and the separatists had not taken the requested steps set out in the 27 June European Council conclusions. They agreed to target Russia with a new set of 6 restrictive measures.

26 June - European Council conclusions

EU leaders set out 4 specific steps to be taken by Russia and the separatists for de-escalation.

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