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outline
of on initior package
ol torgeted
meosures
in the oreas of access
to
copitol morkets,
defence,
duor use goods
and sensitive
technorogies
ln line with the European
council
conclusions
of 21 March and 21 June as well as of the statement
of
the Heads of state and Government
on ukraine
of 27 May, the 16 Jury European
councir took a serres
of steps to reinforce restrictive
measures
in view of Russia's
action destabilising
the situation in
Ukraine. These include:
the expansion
of the rist of designations
to incrude persons
and entities that ardsupporting
materially
or financiaily
actions undermrning
or threatening
Ukraine,s territoriar integrity,
sovereignty
and independence.
A further modification
to the criteria
with a view to ailow targeting individuars
or entities
who actively provide
materiar
or financiar
support to, or are benefiting
from, the Russian
decision-makers
responsibre
for the annexation
of crimea or the destabilisation
of Eastern-
Ukraine.
o
The request
to the ErB to suspend
the signature
of new financing
operations in the Russian
Federation
and the call to EU Member
states to coordinate
their positions
within the EBRD
Board of Directors
with a view to also suspending
financing
of new operations.
'
The invitation
to the commission
to re-assess
Eu-Russia
cooperation programmes
with a
viewto
taking a decision,
on a case by case basis, qn
the suspension
ofthe imprementation
of EU bilaterar
and regionar cooperation programmes.
However, projects
dearing excrusivery
with cross-border
cooperation
and civil society would be maintained.
'
The adoption
of additional
measures in particular
restricting
trade with and investments
in
Crimea and Sevastopol.
lmplementation
of these measures is underway
with a view to finarising them by the end of Jury.
Further
to taking these measures,
the Jury European councir recafled
that,,the commission
and EEAS
have been undertaking preparatory
work on targeted measures,
as it requested in March, so that
further steps can be taken without delay"
At its meeting on 22 JulY 2014, the Foreign
Affairs Council also stressed its readiness
,,to
introduce
without delay a package
of further
significant
restrictive
measures,,. To this the end the councir
requested
"the commission and the EEAS to finarise preparatory
work on possible
targeted measures
and present proposars
for taking action, incruding in the areas of access to capitar markets, defence,
dual use goods,
and sensitive technorogies,
incrudrng
in the energy sector. The resurt ofthis work wiil
be presented
on Thursday
24 July".