EU to impose economic sanctions on Russia / EU restrictive measures in view of the situation in Eastern Ukraine and the illegal annexation of Crimea

Series Title
Series Details 29.07.14
Publication Date 29/07/2014
Content Type

The Council of the European Union's Committee of Permanent Representatives (Coreper) reached agreement on the 29 July 2014 on further (Stage Three) EU restrictive measures in view of Russia's actions destabilising the situation in eastern Ukraine.

The measures constituted a package of significant additional restrictive measures targeting sectoral cooperation and exchanges with the Russian Federation. These decisions would limit access to EU 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, and curtail Russian access to sensitive technologies particularly in the field of the oil sector.

German Chancellor Angela Merkel said that the decision to impose tougher sanctions against Russia was 'unavoidable' after its actions in Ukraine and it was now up to Russia to make the next move.

A joint statement by the Presidents of the European Council and European Commission said the sanctions were meant as a 'strong warning' to Russia.

The G7 group of rich industrialised countries said in a statement on the 30 July 2014 that Russia would face further economic sanctions if it continued to support rebels in Ukraine. The G7 group included the United States, Canada, France, Germany, Italy, Japan and the United Kingdom.

Russia the new US and EU sanctions as 'destructive and short-sighted', and said they would lead to higher energy prices in Europe.

The Council of the European Union formally adopted the new Stage 3 sanctions on the 31 July 2014 (PRES/14/437 - see related url hyperlink below).

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Related Links
BBC News, 29.07.14: EU widens Russia sanctions to target economy
ESO: Background information: EU sanctions to exclude Russia from capital markets
Council of the European Union: Background Note, 29.07.14: EU restrictive measures in view of the situation in Eastern Ukraine and the illegal annexation of Crimea
European Council: Press Release, 29.07.14: Statement by the President of the European Council Herman Van Rompuy and the President of the European Commission in the name of the European Union on the agreed additional restrictive measures against Russia
EurActiv, 30.07.14: Merkel: new EU sanctions against Russia were unavoidable
EurActiv, 29.07.14: EU agrees new sanctions against Russia
EUObserver, 29.07.14: EU approves economic sanctions on Russia
ESO: Key Source: Euromaidan - Protests in Ukraine 2013 - 2015 - Key source
Deutsche Welle, 29.07.14: Opinion: EU backs words with actions on Russia sanctions
Deutsche Welle, 29.07.14: EU adopts broad economic sanctions against Russia
France24, 30.07.14: US and EU slap Russia with fresh sanctions over Ukraine
The Guardian, 29.07.14: EU and US impose sweeping economic sanctions on Russia
RIA Novosti, 30.07.14: US President Obama Announces Details of Sanctions, Claims No New Cold War Over Ukraine
Sputnik International: Tag: Western Sanctions Against Russia
EUObserver, 30.07.14: US joins EU on Russia economic sanctions
EurActiv, 29.07.14: Russia sanctions threaten to blow eurozone off course
Euro|Topics, 30.07.14: EU imposes strict sanctions on Russia
Blog: LSE EuroppBlog, 30.07.14: The EU’s ‘tougher’ sanctions against Russia must be used as a step toward greater engagement, not simply as a punishment
BBC News, 30.07.14: Ukraine conflict: Russia faces more sanctions, warns G7
G8 Information Centre: Summits > Road to the 2014 Brussels Summit | 2014 Brussels Summit: G7 Leaders Statement on Ukraine, 30.07.14
EurActiv, 30.07.14: Warsaw says Russian ban on Polish produce is revenge for EU sanctions
Polski Radio, 30.07.14: Sikorski: 'Sanctions against Russia were inevitable',Sikorski-Sanctions-against-Russia-were-inevitable
Blog: The Conversation, 30.07.14: Explainer: how will sanctions against Russia work?
Council of the European Union: Press Release, PRES/14/435: Adoption of agreed EU restrictive measures over Crimea and Eastern Ukraine
European Commission: RAPID: STATEMENT/14/245: G-7 Leaders Statement on Ukraine
EurActiv, 31.07.14: Putin's judo partner hit by EU sanctions
EurActiv, 31.07.14: Ukraine conflict shows Europe’s weakness for Moscow’s propaganda
EUObserver. 30.07.14: EU blacklists three Putin 'cronies'
Council of the European Union: Press Release, PRES/14/437: Adoption of agreed restrictive measures in view of Russia's role in Eastern Ukraine

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