Clifford Chance

EU clarifies scope of sectoral sanctions relating to Russia/Ukraine - December 2014

8 December 2014

In the face of significant uncertainty around the interpretation of aspects of the European Union's "sectoral sanctions" imposed in response to the situation in Ukraine, there was a widespread sense that further guidance was desirable.  A long-anticipated response to some of this uncertainty has emerged in the form of Council Regulation (EU) No. 1290/2014 ("Regulation 1290"), published in the EU's Official Journal on 5 December 2014, following Council Decision 2014/872/CFSP of 4 December 2014 that it was "necessary to clarify" its prior Decisions in relation to the relevant restrictive measures.

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