Text from the website of the European Commission, Brussels, 5 September 2014:
"We would like to inform you of the
steps taken to implement the Conclusions of the Special European Council
of 30 August, in which the European Council requested "the Commission
to urgently undertake preparatory work, jointly with the EEAS, and
present proposals for consideration within a week" so as to enhance the
EU's restrictive measures in view of Russia's actions destabilising
eastern Ukraine.
As requested by the European
Council, the Commission and the EEAS presented to COREPER on 3rd
September a set of enhanced measures related to access to capital
markets, defence, dual use goods, and sensitive technologies.
Additionally, a new list of individuals, including the new leadership in
Donbass, the government of Crimea as well as Russian decision-makers
and oligarchs was presented.
The selection and assessment of
the options considered for this second round of economic sanctions
followed the same criteria (effectiveness, cost/benefit, balance across
sectors and Member States, international coordination,
reversibility/scalability, legal defensibility/ease of enforcement)
which guided the work on the previous package. The package agreed in
July was in fact designed to be scaled up if necessary, with different
gradation possible for action in the four areas concerned: capital
markets, defence, dual use goods and sensitive technologies.
This new package of restrictive
measures has now been agreed at the level of COREPER. It will give the
European Union an effective tool, which should allow us to provide a
response within a short time span. It will increase the effectiveness of
the measures already in place. It will also reinforce the principle
that EU sanctions are directed at promoting a change of course in
Russia's actions in Ukraine.
Our intention is that the formal adoption of this package will be done through written procedure on Monday.
* Sent to Members of the European Council"
http://europa.eu/rapid/press-release_STATEMENT-14-273_en.htm?locale=en
5/9/14
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