12.5.2014 Official Journal of the European Union L137/1 II (Non-legislative acts) REGULATIONS COUNCIL REGULATION (EU) No 476(2014 of 12 May 2014 amending Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 215 thereof, Having regard to Council Decision 2014/145/CFSP of 17 March 2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (%), Having regard to the joint proposal of the High Representative of the Union for Foreign Affairs and Security Policy and of the European Commission, Whereas: (1)  Decision 2014/145|CESP provides for travel restrictions and for the freezing of funds and economic resources of certain persons responsible for actions which undermine or threaten the territorial integrity, sovereignty and inde- pendence of Ukraine. These natural or legal persons, entities and bodies are listed in the Annex to that Decision. (2)  Council Regulation (EU) No 269/2014 () gives effect to certain measures provided for in Decision 2014/145|CFSP and provides for the freezing of funds and economic resources of certain persons responsible for actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine, and natural or legal persons, entities or bodies associated with them. (3)  On 12 May 2014, the Council adopted Decision 2014/265/CFSP (*) which amends Decision 2014/145/CFSP and provides for amended listing criteria to include, in particular, legal persons, entities or bodies in Crimea or Sevas- topol whose ownership has been transferred contrary to Ukrainian law or legal persons, entities or bodies which have benefited from such a transfer, in line with the policy of non-recognition by the Union of the illegal annexa- tion of Crimea by the Russian Federation. (4)  The beneficiaries of the transfer of ownership are to be understood as legal persons, entities or bodies that have become the owners of assets transferred contrary to Ukrainian law following the annexation of Crimea and Sevas- topol. (5)  These amendments fall within the scope of the Treaty and, therefore, in particular with a view to ensuring their uniform application in all Member States, regulatory action at the level of the Union is necessary in order to implement them. (6)  In order to ensure that the measures provided for in this Regulation are effective, it should enter into force imme- diately, () OJL78,17.3.2014,p. 16. (*) Council Regulation (EU) No 269/2014 of 17 March 2014 concerning restrictive measures in respect of actions undermining or threa- tening the territorial integrity, sovereignty and independence of Ukraine (O] L 78, 17.3.2014, p. 6). () Council Decision 2014/265/CFSP ofg 12 May 2014 amending Decision 2014/145/CESP concerning restrictive measures in respect of actions undermining or threaten1ng the territorial integrity, sovereignty and independence of Ukraine (see page 9 of this Official Journal).