EN    EN  
 EUROPEAN  
COMMISSION HIGH REPRESENTATIVE OF THE
EUROPEAN UNION FOR
FOREIGN AFFAIRS AND
SECURITY POLICY
Brussels, 22.1.2015  
JOIN(2015) 1 final 
2015/0022 (NLE) 
  
Joint Proposal for a 
COUNCIL REGULATION 
amending Regulation (EU) No 208/2014 concer ning restrictive measures directed against 
certain persons, entities and bodies in view of the situation in Ukraine 
 
EN 2   EN EXPLANATORY MEMORANDUM  
(1) Council Regulation (EU) No 208/2014 of 5 March 2014 concerning restrictive 
measures directed against certain persons, en tities and bodies in view of the situation 
in Ukraine1 gives effect to certain measures provided for in Decision 2014/119/CFSP 
and provides for the freezing of funds and economic resources of certain persons identified as responsible for the misappropr iation of Ukrainian St ate funds and persons 
responsible for human rights violations in Ukraine, and natural or legal persons, 
entities or bodies associated with them. 
(2) The Council is about to adopt a D ecision amending Decision 2014/119/CFSP 
providing further detail on the designation cr iteria for the freezing of funds targeting 
persons responsible for the misappropriati on of Ukrainian State funds and human 
rights violations. 
(3) Further action by the Union is needed in order to implement these modified listing 
criteria. 
(4) The High Representative of the Union for Fo reign Affairs and Security Policy and the 
European Commission should make a propos al for a Regulation amending Regulation 
(EU) No 208/2014. 
                                                
 
1 OJ L 66, 6.3.2014, p. 1. 
EN 3   EN 2015/0022 (NLE) 
Joint Proposal for a 
COUNCIL REGULATION 
amending Regulation (EU) No 208/2014 concern ing restrictive measures directed against 
certain persons, entities and bodies in view of the situation in Ukraine 
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 2014/119/C FSP of 5 March 2014 concerning restrictive 
measures directed against certain persons, entities and bodies in view of the situation in Ukraine
2, 
Having regard to the joint proposal of the Hi gh Representative of the Union for Foreign 
Affairs and Security Policy a nd of the European Commission, 
Whereas: (1) Council Regulation (EU) No 208/2014
3 gives effect to certain measures provided for 
in Decision 2014/119/CFSP and provides fo r the freezing of funds and economic 
resources of certain persons identified as responsible for th e misappropriation of 
Ukrainian State funds and persons responsible  for human rights viol ations in Ukraine, 
and natural or legal pers ons, entities or bodies associated with them.  
 (2) On … January 2015, the Counc il adopted Decision 2015/…/CFSP4 which amends 
Decision 2014/119/CFSP and clarifies the design ation criteria for the freezing of funds 
targeting persons responsible for the misa ppropriation of Ukrainian State funds and 
human rights violations.  
(3) That amendment falls within the scope of the Treaty on th e Functioning of the 
European Union and, therefore, notably with a view to ensuring their uniform 
application in all Member States, regulat ory action at the leve l of the Union is 
necessary in order to implement them. Regulation (EU) No 208/2014 should therefore 
be amended accordingly.  
(4) In order to ensure that the measures pr ovided for in this Regulation are effective, it 
should enter into force immediately, 
HAS ADOPTED THIS REGULATION: 
Article 1 
Article 3 of Regulation (EU) No 208/2014 is amended as follows: 
(1) Paragraph 1 is replaced by the following: 
                                                 
2 OJ L 66, 6.3.2014, p. 26. 
3 Council Regulation (EU) No 208/2014 of 5 March 2014 concerning restrictive measures directed 
against certain persons, entities and bodies in view of the situation in Ukraine (OJ L 66, 6.3.2014, p. 1). 
4 OJ L  
EN 4   EN “1. Annex I shall include persons  
(a) responsible for the misappropriatio n of Ukrainian State funds;  
(b) responsible for human rights vi olations in Ukraine; and 
(c) natural or legal persons, entities or b odies associated wi th natural persons 
refered to in (a) and (b). ˮ  
 (2) The following paragraph 1 a is inserted: 
“1a. For the purposes of pa ragraph 1 ‘persons responsi ble for the misappropriation 
of Ukrainian State funds’ include pers ons subject to investigation by the 
Ukrainian authorities 
(i)  for the misappropriation of Ukrainian public funds or assets or being 
accomplice thereto; or 
(ii) for abuse of office by a public o ffice-holder in orde r to procure an 
unjustified advantage for him- or hers elf or for a third party and thereby 
causing a loss to Ukrainian public f unds or assets, or being accomplice 
thereto.” 
Article 2  
This Regulation shall enter into force on the day 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, 
 For the Council 
 The President