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Document 12012E215

Title and reference
Consolidated version of the Treaty on the Functioning of the European Union
PART FIVE - EXTERNAL ACTION BY THE UNION
TITLE IV - RESTRICTIVE MEASURES
Article 215
(ex Article 301 TEC)
  • In force
OJ C 326, 26.10.2012, p. 144–144 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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Text

26.10.2012   

EN

Official Journal of the European Union

C 326/1


CONSOLIDATED VERSION OF THE TREATY ON THE FUNCTIONING OF THE EUROPEAN UNION

PART FIVE

THE UNION'S EXTERNAL ACTION

TITLE IV

RESTRICTIVE MEASURES

Article 215

(ex Article 301 TEC)

1.   Where a decision, adopted in accordance with Chapter 2 of Title V of the Treaty on European Union, provides for the interruption or reduction, in part or completely, of economic and financial relations with one or more third countries, the Council, acting by a qualified majority on a joint proposal from the High Representative of the Union for Foreign Affairs and Security Policy and the Commission, shall adopt the necessary measures. It shall inform the European Parliament thereof.

2.   Where a decision adopted in accordance with Chapter 2 of Title V of the Treaty on European Union so provides, the Council may adopt restrictive measures under the procedure referred to in paragraph 1 against natural or legal persons and groups or non-State entities.

3.   The acts referred to in this Article shall include necessary provisions on legal safeguards.


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