# Council Regulation (EU) No 825/2014Show full title

Council Regulation (EU) No 825/2014 of 30 July 2014 amending Regulation (EU) No 692/2014 concerning restrictions on the import            into the Union of goods originating in Crimea or Sevastopol, in response to the illegal annexation of Crimea and Sevastopol         

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U.K.

# Council Regulation (EU) No 825/2014                     

# of 30 July 2014

# amending Regulation (EU) No 692/2014 concerning restrictions on the import into the Union of goods originating in Crimea or                        Sevastopol, in response to the illegal annexation of Crimea and Sevastopol                     

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 215 thereof,

Having regard to Council Decision 2014/386/CFSP of 23 June 2014 concerning restrictive measures in response to the illegal                           annexation of Crimea and Sevastopol(1),                        

Having regard to the joint proposal from the High Representative of the Union for Foreign Affairs and Security Policy and                           the European Commission,                        

Whereas:

(1)Council Regulation (EU) No 692/2014(2) gives effect to certain measures provided for in Decision 2014/386/CFSP, in particular, restrictions on goods originating                              in Crimea or Sevastopol and on the provision, direct or indirect, of financing or financial assistance, as well as insurance                              and reinsurance, related to the import of such goods, in response to the illegal annexation of Crimea and Sevastopol.

(2)On 30 July 2014, the Council adopted Decision 2014/507/CFSP(3) which amends Decision 2014/386/CFSP in order to provide for a ban on new investments related to infrastructure in the sectors                              of transport, telecommunications and energy and the exploitation of natural resources in Crimea and Sevastopol and an export                              ban on key equipment and technology related to those sectors.

(3)Those measures fall within the scope of the Treaty and, therefore, in particular with a view to ensuring their uniform application                              in all Member States, regulatory action at the level of the Union is necessary in order to implement them.

(4)Regulation (EU) No 692/2014 should therefore be amended accordingly.

(5)In order to ensure that the measures provided for in this Regulation are effective, it should enter into force immediately,

HAS ADOPTED THIS REGULATION:

# Article 1U.K.

Regulation (EU) No 692/2014 is hereby amended as follows:

The title is replaced by the following:

‘Council Regulation (EU) No 692/2014 of 23 June 2014 concerning restrictive measures in response to the illegal annexation                                 of Crimea and Sevastopol’.

In Article 1, the following points are added:

“brokering services” means:                                    

the negotiation or arrangement of transactions for the purchase, sale or supply of goods and technology or of financial and                                                   technical services, including from a third country to any other third country; or                                             

the selling or buying of goods and technology or of financial and technical services, including where they are located in                                                   third countries for their transfer to another third country.                                             

“technical assistance” means any technical support related to repairs, development, manufacture, assembly, testing, maintenance,                                          or any other technical service, and may take forms such as instruction, advice, training, transmission of working knowledge                                          or skills or consulting services; technical assistance includes verbal forms of assistance.’.                                    

The following Articles are inserted:

# ‘Article 2a

1.The following shall be prohibited:                           

(a)the granting of any financial loan or credit specifically relating to the creation, acquisition or development of infrastructure                                    in the areas of transport, telecommunications or energy in Crimea or Sevastopol;                           

(b)the acquisition or extension of a participation, including the acquisition in full and the acquisition of shares and securities                                    of a participating nature, in enterprises established in Crimea or Sevastopol that are engaged in the creation, acquisition                                    or development of infrastructure in the areas of transport, telecommunications or energy in Crimea or Sevastopol;                           

(c)the creation of any joint venture relating to the creation, acquisition or development of infrastructure in the areas of transport,                                    telecommunications or energy in Crimea or Sevastopol.                           

2.The following shall be prohibited:                           

(a)the granting of any financial loan or credit specifically relating to the exploitation of oil, gas or mineral resources in                                    Crimea or Sevastopol;                           

(b)the acquisition or extension of a participation, including the acquisition in full of such enterprises and the acquisition                                    of shares and securities of a participating nature, in entreprises established in Crimea or Sevastopol that are engaged in                                    the exploitation of oil, gas or mineral resources in Crimea or Sevastopol;                           

(c)the creation of any joint venture relating to the exploitation of oil, gas or mineral resources in Crimea or Sevastopol.                           

3.For the purposes of this Article and Article 2b, the following definitions shall apply:                           

(a)“mineral resources” are those listed in Annex II;                           

(b)“exploitation” means exploration, prospection, extraction, refining and management of oil, gas and mineral resources and provision                                    of related geological services but does not include maintenance to ensure safety of existing infrastructure;                           

(c)“refining” means the processing, conditioning and preparation for sale.                           

# Article 2b

It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services related to the investment                                 activities referred to in Article 2a.                           

# Article 2c

1.It shall be prohibited to sell, supply, transfer, export, directly or indirectly, key equipment and technology as listed in                                    Annex III to any natural or legal person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol.                           

2.Annex III shall include key equipment and technology related to the creation, acquisition or development of infrastructure                                    in the following sectors:                           

(a)transport;                           

(b)telecommunications;                           

(c)energy;                           

(d)the exploitation of oil, gas and mineral reserves in Crimea and Sevastopol.                           

3.It shall be prohibited to:                           

(a)provide, directly or indirectly, technical assistance or brokering services related to the key equipment and technology listed                                    in Annex III, or related to the provision, manufacture, maintenance and use of items listed in Annex III to any natural or                                    legal person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol; and                           

(b)provide, directly or indirectly, financing or financial asssistance related to the key equipment and technology listed in                                    Annex III to any natural or legal person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol.                           

4.It shall be prohibited to participate, knowingly or intentionally, in activities the object or effect of which is to circumvent                                    the prohibitions referred to in paragraphs 1 and 3.                           

5.The prohibitions in paragraphs 1 and 3 shall not apply to the execution, until 28 October 2014 of transactions required by                                    a trade contract concluded before30 July 2014 concerning key equipment or technology as listed in Annex III or by ancillary                                    contracts necessary for the execution of such contracts provided that the natural or legal person, entity or body seeking                                    to engage in such transactions, or to provide assistance to such transactions, has notified, at least 10 working days in advance,                                    the transaction or assistance to the competent authority of the Member State in which it is established.                           

# Article 2d

Articles 2a and 2b shall not apply to the granting of a financial loan or credit, to the extension of a participation or the                                 creation of any joint venture, if the following conditions are met:                           

the transaction is required by an agreement or contract conluded before 30 July 2014; and                                    

the competent authority has been informed at least 10 working days in advance.’.                                    

The Annex to Regulation (EU) No 692/2014 is renamed ‘Annex I’ and Annexes II and III as set out in the Annex to this Regulation                              are added.                           

# Article 2U.K.

This Regulation shall enter into force on the day following that of its publication in the *Official Journal of the European Union*.                  

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 30 July 2014.

*For the Council*                            

*The President*                            

S. Gozi                            

## ANNEXU.K.

### “ANNEX II

Mineral Resources referred to in Article 2a:

### ANNEX III

Key equipment and technology related to the creation, acquisition or development of infrastructure in Crimea and Sevastopol                     referred to in Article 2c:                  

1

OJ L 183, 24.6.2014, p. 70.                           

2

Council Regulation (EU) No 692/2014 of 23 June 2014 concerning restrictions on the import into the Union of goods originating                              in Crimea or Sevastopol, in response to the illegal annexation of Crimea and Sevastopol (OJ L 183, 24.6.2014, p. 9).                           

3

Council Decision 2014/507/CFSP of 30 July 2014 amending Decision 2014/386/CFSP concerning restrictions on goods originating                              in Crimea or Sevastopol, in response to the illegal annexation of Crimea and Sevastopol (see page 20 of this Official Journal).