EU ambassadors endorse extension of investment ban on Crimea – Ukraine's envoy

13:16, 12 June 2019
Politics
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REUTERS

Permanent Representative of Ukraine to the European Union Mykola Tochytskyi has said the Committee of the Permanent Representatives of the Governments of the Member States to the European Union (COREPER) has endorsed a 12-month extension of a ban for European companies to invest in Russia-occupied Crimea and import goods and services from the peninsula.

"I welcome an endorsement by the EU permanent representatives of the extension of 'Crimean sanctions' and I hope for its early approval by the EU Council. I urge the EU to increase pressure on the Russian Federation in response to new repressions against the Crimean Tatars and a decree of the Russian leadership on the 'passportization' of Ukrainians in Crimea," he wrote on Twitter on June 12, 2019.

Read alsoRussia to classify data on businesses operating in occupied Crimea

As UNIAN reported earlier, last year, the EU Council extended until June 23, 2019 a ban on European companies' investment in Russia-annexed Crimea.

The sanctions include a ban on the imports to the EU of products originating in Crimea, as well as a ban on investment and capital flow into the annexed peninsula. This means that no European national or EU-registered company shall purchase real estate or acquire businesses in Crimea, finance Crimean companies or provide services there.

It is prohibited to provide tourist services. In particular, European cruise ships shall not enter Crimean ports, except for emergency situations.

It is also prohibited to export certain goods and technologies to the Crimean companies, and also to use these goods and technologies in transport, telecommunications, and energy sector, in particular for research, exploration and production of oil, gas and mineral resources. Technical assistance, intermediary operations, construction and engineering services related to infrastructure in these sectors is also prohibited.

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