Legal provisions of JOIN(2014)10 - Restrictive measures in view of the situation in Ukraine - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
dossier | JOIN(2014)10 - Restrictive measures in view of the situation in Ukraine. |
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document | JOIN(2014)10 |
date | March 5, 2014 |
Contents
Article 1
(a) | ‘claim’ means any claim, whether asserted by legal proceedings or not, made before or after 6 March 2014, under or in connection with a contract or transaction, and includes in particular:
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(b) | ‘contract or transaction’ means any transaction of whatever form and whatever the applicable law, whether comprising one or more contracts or similar obligations made between the same or different parties; for this purpose ‘contract’ includes a bond, guarantee or indemnity, particularly a financial guarantee or financial indemnity, and credit, whether legally independent or not, as well as any related provision arising under, or in connection with, the transaction; |
(c) | ‘competent authorities’ means the competent authorities of the Member States as identified on the websites listed in Annex II; |
(d) | ‘economic resources’ means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services; |
(e) | ‘freezing of economic resources’ means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them; |
(f) | ‘freezing of funds’ means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management; |
(g) | ‘funds’ means financial assets and benefits of every kind, including, but not limited to:
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(h) | ‘territory of the Union’ means the territories of the Member States to which the Treaty is applicable, under the conditions laid down in the Treaty, including their airspace. |
Article 2
2. No funds or economic resources shall be made available, directly or indirectly, to or for the benefit of natural or legal persons, entities or bodies listed in Annex I.
Article 3
2. Annex I shall include the grounds for the listing of natural or legal persons, entities and bodies concerned.
3. Annex I shall include, where available, information necessary to identify the natural or legal persons, entities and bodies concerned. With regard to natural persons, such information may include names including aliases, date and place of birth, nationality, passport and ID card numbers, gender, address, if known, and function or profession. With regard to legal persons, entities and bodies, such information may include names, place and date of registration, registration number and place of business.
Article 4
(a) | necessary to satisfy the basic needs of the natural or legal persons, entities or bodies listed in Annex I, and dependent family members of such natural persons, including payments for foodstuffs, rent or mortgage, medicines and medical treatment, taxes, insurance premiums, and public utility charges; |
(b) | intended exclusively for payment of reasonable professional fees or reimbursement of incurred expenses associated with the provision of legal services; |
(c) | intended exclusively for payment of fees or service charges for routine holding or maintenance of frozen funds or economic resources; or |
(d) | necessary for extraordinary expenses, provided that the relevant competent authority has notified the grounds on which it considers that a specific authorisation should be granted to the competent authorities of the other Member States and to the Commission at least two weeks prior to authorisation. |
2. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraph 1.
Article 5
(a) | the funds or economic resources are subject to an arbitral decision rendered prior to the date on which the natural or legal person, entity or body referred to in Article 2 was included in Annex I, or of a judicial or administrative decision rendered in the Union, or a judicial decision enforceable in the Member State concerned, prior to or after that date; |
(b) | the funds or economic resources will be used exclusively to satisfy claims secured by such a decision or recognised as valid in such a decision, within the limits set by applicable laws and regulations governing the rights of persons having such claims; |
(c) | the decision is not for the benefit of a natural or legal person, entity or body listed in Annex I; and |
(d) | recognition of the decision is not contrary to public policy in the Member State concerned. |
2. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraph 1.
Article 6
(a) | the funds or economic resources shall be used for a payment by a natural or legal person, entity or body listed in Annex I; and |
(b) | the payment is not in breach of Article 2(2). |
2. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraph 1.
Article 7
2. Article 2(2) shall not apply to the addition to frozen accounts of:
(a) | interest or other earnings on those accounts; |
(b) | payments due under contracts, agreements or obligations that were concluded or arose before the date on which the natural or legal person, entity or body referred to in Article 2 has been included in Annex I; or |
(c) | payments due under judicial, administrative or arbitral decisions rendered in a Member State or enforceable in the Member State concerned, |
provided that any such interest, other earnings and payments are frozen in accordance with Article 2(1).
Article 8
(a) | supply immediately any information which would facilitate compliance with this Regulation, such as information on accounts and amounts frozen in accordance with Article 2, to the competent authority of the Member State where they are resident or located, and shall transmit such information, directly or through the Member State, to the Commission; and |
(b) | cooperate with the competent authority in any verification of such information. |
2. Any additional information received directly by the Commission shall be made available to the Member States.
3. Any information provided or received in accordance with this Article shall be used only for the purposes for which it was provided or received.
4. Paragraph 3 shall not prevent Member States from sharing that information, in accordance with their national law, with the relevant authorities of Ukraine and other Member States where necessary for the purpose of assisting the recovery of misappropriated funds.
Article 9
Article 10
2. Actions by natural or legal persons, entities or bodies shall not give rise to any liability of any kind on their part if they did not know, and had no reasonable cause to suspect, that their actions would infringe the prohibitions set out in this Regulation.
Article 11
(a) | designated natural or legal persons, entities or bodies listed in Annex I; |
(b) | any natural or legal person, entity or body acting through or on behalf of one of the persons, entities or bodies referred to in point (a). |
2. In any proceedings for the enforcement of a claim, the onus of proving that satisfying the claim is not prohibited by paragraph 1 shall be on the natural or legal person, entity or body seeking the enforcement of that claim.
3. This Article is without prejudice to the right of the natural or legal persons, entities and bodies referred to in paragraph 1 to judicial review of the legality of the non-performance of contractual obligations in accordance with this Regulation.
Article 12
(a) | in respect of funds frozen under Article 2 and authorisations granted under Articles 4, 5 and 6; |
(b) | in respect of violation and enforcement problems and judgments handed down by national courts. |
2. The Member States shall immediately inform each other and the Commission of any other relevant information at their disposal which might affect the effective implementation of this Regulation.
Article 13
Article 14
2. The Council shall communicate its decision, including the grounds for listing, to the natural or legal person, entity or body referred to in paragraph 1, either directly, if the address is known, or through the publication of a notice, providing such natural or legal person, entity or body with an opportunity to present observations.
3. Where observations are submitted, or where substantial new evidence is presented, the Council shall review its decision and inform the natural or legal person, entity or body accordingly.
4. The list in Annex I shall be reviewed at regular intervals and at least every 12 months.
Article 15
2. Member States shall notify the rules referred to in paragraph 1 to the Commission without delay after 6 March 2014 and shall notify it of any subsequent amendment.
Article 16
2. Member States shall notify the Commission of their competent authorities, including the contact details of those competent authorities, without delay after the entry into force of this Regulation, and shall notify it of any subsequent amendment.
3. Where this Regulation sets out a requirement to notify, inform or otherwise communicate with the Commission, the address and other contact details to be used for such communication shall be those indicated in Annex II.
Article 17
(a) | within the territory of the Union, including its airspace; |
(b) | on board any aircraft or any vessel under the jurisdiction of a Member State; |
(c) | to any person inside or outside the territory of the Union who is a national of a Member State; |
(d) | to any legal person, entity or body, inside or outside the territory of the Union, which is incorporated or constituted under the law of a Member State; |
(e) | to any legal person, entity or body in respect of any business done in whole or in part within the Union. |
Article 18
This Regulation shall be binding in its entirety and directly applicable in all Member States.