Extension of EU Sanctions With Respect to Ukraine and New Asset-Freeze Targets Announced

    View Author January 2015

    On Thursday 29 January 2015, EU leaders – more specifically foreign ministers from each of the 28 member states – held an emergency extraordinary meeting in Brussels to consider the evolving political situation in the Ukraine following the events of last weekend and to assess the adequacy of the legal sanctions framework currently in place.

    At the end of the meeting, the EU leaders described the situation as “extremely worrying and negative” and confirmed the restrictive measures targeting persons and entities for threatening or undermining Ukraine’s sovereignty and territorial integrity, adopted in March 2014 and subsequently updated, will be extended until September 2015. Additional asset-freeze designations have been announced and will be decided upon at the next Foreign Affairs Council meeting on 9 February 2015.