EU Regulation 269/2014

EU Regulation 269/2014, with effect from 17 March 2014, targets persons responsible for actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, including actions on the future status of any part of the territory which are contrary to the Ukrainian constitution, and natural or legal persons, entities or bodies associated with them.  The substance of Regulation 269/2014 is similar to Regulation 208/2014 – it (1) imposes a freeze on all funds and economic resources belonging to, owned, held or controlled by designated persons/entities/or bodies (as listed in Annex I to the Regulation) and (2) prohibit funds or economic resources being made available, directly or indirectly to or for the benefit of such designated persons.  It provides for identical derogations as are set out in Regulation 208/2014.

Annex I of Regulation 269/2014 currently lists 21 individuals, including those elected to government and military positions in Crimea following the disputed independence referendum held on 16 March 2014, members of the Federation Council of the Russian Federation and the Duma of the Russian Federation, and members of the military forces of the Russian Federation.

EU Member States have separately suspended export licences on equipment which might be used for internal repression.