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 EU extends economic sanctions against Russia until the end of 2016

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The European Union has decided to extend economic sanctions against until Jan. 31, 2016.

The decision was made today in Luxembourg at the meeting of the European Council at the level of Foreign Ministers without discussion, Censor.NET reports citing UNIAN.

In particular, the sanctions concern access to European financial markets for some Russian banks and companies, arms and dual-use goods trade, and export of certain technologies related to the energy sector.

Read more: European Parliament says Russia is no longer a strategic partner of the EU

The extension of economic sanctions against Russia is the result of EU leaders' agreement to link the sanctions to the full implementation of the Minsk agreements until Dec. 31. It was decided during the meeting of the European Council on March 19-20.

The decision on economic sanctions against Russia due to the annexation of Crimea and the destabilization of the situation in the East of Ukraine was adopted June 31, 2014. The sanctions were tightened on Sept. 8, 2014.

 
 
 
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