EU prolongs sanctions over actions against Ukraine's territorial integrity

EU prolongs sanctions over actions against Ukraine's territorial integrity

EU prolongs sanctions over actions against Ukraine's territorial integrity

The FINANCIAL -- On 12 March, the Council of the European Union prolonged the restrictive measures over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for a further six months, until 15 September 2018.

The sanctions will continue to apply to 150 persons and 38 entities on the list.

The EU said that measures continue to consist of asset freezes and travel restrictions, according to the EU Neighbours portal.

“An assessment of the situation did not justify a change in the sanctions regime,” the EU underlined in its statement. “The relevant information and statement of reasons for the listing of these persons and entities were updated as necessary.”

The EU measures in place in response to the Ukraine crisis include economic sanctions targeting specific sectors of the Russian economy and restrictive measures in response to the illegal annexation of Crimea and Sevastopol (limited to the territory of Crimea and Sevastopol).

The measures were first introduced in March 2014 and were last extended in September 2017. All legal acts are available in the EU Official Journal as of 13 March.