ECO Notice to Exporters 2014/22 outlined the EU economic sanctions introduced in response to Russia’s destabilising role in Eastern Ukraine. The measures were contained in Council Decision 2014/512/CFSP, and the 22 June 2015 amendment to the Council Decision linked the restrictive measures to the complete implementation of the Minsk agreements.
On 21 December 2015, the EU Council extended the economic sanctions on the basis that the Minsk agreements would not be completely implemented by 31 December 2015 and then extended them again on 1 July 2016 for a further six months in order to enable the Council to further assess their implementation.
The new amendment extends the restrictive measures until 31 January 2017.
0.1 What will this mean for exporters?
As a reminder to exporters, the restrictive measures include:
- an arms embargo
- a prohibition on supply of dual-use items which are or may be intended for military end-use or for a military end-user in Russia
- requirement of an export licence for the export of certain energy-related equipment and technology to Russia (or any other country if such equipment or technology is for use in Russia)
Notice to Exporters 2016/21