EU amends and clarifies Russia sanctions
01 Jan 1970 1:00 am by Mark Dunn
Posted on December 5, 2014 by Maya Lester on europeansanctions.com
The European Union has today published amendments to its sanctions regime against Russia, in Council Regulation (EU) No 1290/2014 which amends Council Regulation (EU) No 833/2014 and Council Decision 2014/872/CFSP which amends Council Decision 2014/512/CFSP.
The Council of the EU says it has done so because "it is necessary to clarify certain provisions" in its previous measures imposing sanctions on Russia. It has amended / clarified the provisions relating to:
- The prohibitions on (and exceptions to the prohibition on) making new loans or credit with a maturity exceeding 30 days to certain entities in certain circumstances; and
- The prohibitions and restrictions on the sale / supply / export of oil exploration and production projects in Russia and its Exclusive Economic Zone and Continental Shelf.
The new provisions are on the 'sanctions in force' section of this blog.
Read the full post here: https://www.europeansanctions.com/2014/12/eu-amends-and-clarifies-russia-sanctions/