Fabian Demicoli

Information Note to EU business operating and/or investing in Crimea/Sevastopol (Ukraine)

On 20 March,
the European Council declared not to recognise the illegal
"referendum" in Crimea, considered in clear violation of the
Ukrainian Constitution, and condemned the illegal annexation of Crimea/Sevastopol
to the Russian Federation, committing not to recognise it. in this context, the
European Council asked the Commission to evaluate the legal consequences of the
annexation and to propose economic, trade and financial restrictions regarding
Crimea/Sevastopol for rapid implementation.

Therefore
it was decided to develop an Information Note to Business in order to outline
the impact of the illegal annexation on business and to give information to EU
business present in Crimea/Sevastopol regarding the situation on the ground.

This
note can be accessed through:

http://ec.europa.eu/europeaid/where/neighbourhood/documents/info-note-to-business_en.pdf

This
joint European Commission/EEAS document has been drawn up following
consultation with business associations, sectoral associations. Member States
and other stakeholders. This Note is not intended to constitute legal advice
and should not be seen as providing guidance/recommendations. Moreover, it
should be considered as a 'living document' and may, thus, be subject to
revision in light of the continuously evolving situation.

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