On 15 October 2014, the Council of the European Union issued two press releases declaring the alignment of certain third countries with the EU’s most recent restrictive measures related to the situation in Ukraine.
The first release declared that Montenegro, Iceland, Albania, Liechtenstein, Norway, and Ukraine have agreed to align their national policies with the EU following Council Decision 2014/658/CFSP of 8 September 2014. This decision, as we reported earlier, amends the listing criteria found in Council Decision 2014/145/CFSP of 17 March 2014, which allows for restrictive measures against those seen to be undermining or threatening the integrity, sovereignty and independence of Ukraine. The amendment also adds 24 persons to the sanctions list.
The second release declared that Montenegro, Iceland, Albania, Norway and Ukraine shall also align themselves with Council Decision 2014/659/CFSP of 8 September 2014. This decision amended Council Decision 2014/512/CFSP of 31 July 2014 to expand the list of entities subject to sanctions to include certain Russian financial institutions, and defence and energy companies. The amendments also tighten restrictions on Russian access to EU capital markets and the export of dual-use goods.
This article first appeared on European Sanctions Law & Practice (http://europeansanctions.com/), a blog by Maya Lester (+44 20 7379 3550, email@example.com), a barrister at Brick Court Chambers, and Michael O’Kane (+44 (0) 20 7822 7777 firstname.lastname@example.org), head of Business Crime at Peters & Peters.