Council Regulation (EU) No 692/2014 of 23 June 2014 concerning restrictive measures in response to the illegal annexation of Crimea and Sevastopol

For the purposes of this Regulation, the following definitions apply:

1. ‘claim’ means any claim, whether asserted by legal proceedings or not, made before or after 25 June 2014, under or in connection with a contract or transaction, and includes in particular:

   1. a claim for performance of any obligation arising under or in connection with a contract or transaction;

   2. a claim for extension or payment of a bond, financial guarantee or indemnity of whatever form;

   3. a claim for compensation in respect of a contract or transaction;

   4. a counterclaim;

   5. a claim for the recognition or enforcement, including by the procedure of exequatur, of a judgment, an arbitration award or an equivalent decision, wherever made or given;

2. ‘contract or transaction’ means any transaction of whatever form, whatever the applicable law, and 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;

3. ‘goods originating in Crimea or Sevastopol’ means goods which are wholly obtained in Crimea or in Sevastopol or which have undergone their last substantial transformation there, in accordance, mutatis mutandis, with Articles 23 and 24 of Regulation (EEC) No 2913/92 of 12 October 1992 establishing the Community Customs Code⁽¹⁾;

4. ‘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.

5. ‘competent authorities’ means the competent authorities of the Member States as identified on the websites listed in Annex I;

6. ‘brokering services’ means:

   1. the negotiation or arrangement of transactions for the purchase, sale or supply of goods and technology or of financial and technical services, including from a third country to any other third country; or

   2. the selling or buying of goods and technology or of financial and technical services, including where they are located in third countries for their transfer to another third country;

7. ‘technical assistance’ means any technical support related to repairs, development, manufacture, assembly, testing, maintenance, or any other technical service, and may take forms such as instruction, advice, training, transmission of working knowledge or skills or consulting services; technical assistance includes verbal forms of assistance;

8. ‘entity in Crimea or Sevastopol’ means any entity having its registered office, central administration or principal place of business in Crimea or Sevastopol, its subsidiaries or affiliates under its control in Crimea or Sevastopol, as well as branches and other entities operating in Crimea or Sevastopol;

9. ‘investment services’ means the following services and activities:

   1. reception and transmission of orders in relation to one or more financial instruments,

   2. execution of orders on behalf of clients,

   3. dealing on own account,

   4. portfolio management,

   5. investment advice,

   6. underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis,

   7. placing of financial instruments without a firm commitment basis,

   8. any service in relation to the admission to trading on a regulated market or trading on a multilateral trading facility;

10. ‘Union shipowner’ has the same meaning as a ‘Community shipowner’ as defined in Article 2(2)(a) and (b) of Council Regulation (EC) No 3577/92.⁽²⁾

It shall be prohibited:

1. to import into the European Union goods originating in Crimea or Sevastopol;

2. to provide, directly or indirectly, financing or financial assistance as well as insurance and reinsurance related to the import of the goods referred to in point (a).