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Document 12016E215

    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)

    OJ C 202, 7.6.2016, p. 144–144 (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    Legal status of the document In force

    ELI: http://data.europa.eu/eli/treaty/tfeu_2016/art_215/oj

    7.6.2016   

    EN

    Official Journal of the European Union

    C 202/144


    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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