The sanctions target imports from the peninsula and investment there, among other measures.
Crimea seceded from Ukraine to rejoin Russia in March 2014 following a referendum in which over 96 percent of voters supported the move. The West labeled the vote an illegal "annexation." Moscow has stated that the referendum fully complied with international law.
Western countries, as well as Japan, have imposed sanctions targeting Russia's banking, energy and defense sectors after Crimea's reunification with Russia.