BRUSSELS - EU restrictive measures on Crimea and Sevastopol approved by the European Union Council on December 18 were published by the Official Journal of the European Union on Dec. 19.
From now on acquiring real estate assets or expanding real estate assets acquired earlier, acquiring enterprises or expanding one’s stake in operating companies, lending to organizations operating in Crimea, setting up new enterprises in Crimea and Sevastopol in partnership with local organizations and rendering investment services in the acquisition of real estate assets or enterprises and their expansion is prohibited.
The EU legislative act also imposes trade restrictions. Selling various types of commodities and technologies which may be used in transport, telecommunications, energy, and oil, gas and mineral mining to individuals and legal entities in Crimea and Sevastopol or with the purpose of their use in Crimea and Sevastopol is also prohibited.
