European Union Sanctions in respect of Crimea and Sevastopol (No.2) Council Regulation (EU) No 825/2014 of 30 July 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 Regulation”) 12 August 2014 No.14-008 Download PDF (268KB) In response to the annexation of Crimea and Sevastopol by Russia, the European Union published Regulation 692/2014 of 23 June 2014, introducing trade sanctions in respect of goods originating in Crimea or Sevastopol and on the provision, directly or indirectly, of financing or financial assistance, as well as insurance and reinsurance, related to the import of such goods. On 30 July the European Union published Regulation 825/2014 amending Regulation 692/2014. This circular therefore supplements circular No.14-006 issued on 16 July 2014. The most notable amendments add further to the prohibitions in Article 2, which we have noted below. Prohibitions 1) Article 2 of the Regulation provides that it is prohibited: To import into the European Union goods originating in Crimea or Sevastopol. To provide, directly or indirectly, financing or financial assistance as well as insurance and reinsurance related to the import of goods originating in Crimea or Sevastopol. To sell, supply or transfer designated key equipment and technology [1] for infrastructure projects in the transport, telecommunications and energy sectors To sell, supply or transfer key equipment and technology for the exploitation [2] of oil, gas and mineral resources [3] . To provide technical and financial assistance related to the above activities. To sell, supply, transfer, export, directly or indirectly, 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 2) Contracts entered into before 30 July 2014(including ancillary contracts) must be executed by 28 October 2