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 EU agrees to retain sanctions against Russia until mid-2017, - Deutsche Welle

Leaders of the European Union member states agreed to extend the bloc's economic sanctions against Russia for another six months.

Censor.NET reports citing Deutsche Welle.

The European Union decided Thursday to extend its sanctions against Russia until July 2017 and affect Russia's defense, energy and financial sectors.

The formal process to extend the sanctions will take place early next week, according to European Union diplomats.

The EU has not sanctioned Russia over its involvement in the Syrian war.

Read more: Poroshenko, Biden discuss situation in Donbas, Russia sanctions

In 2014, the European Union, the United States and several other countries imposed sanctions against Russia following its occupation of Crimea and aggression in eastern Ukraine. These restrictive measures were repeatedly extended and expanded. In particular, the talks on visa waiver and a new basic agreement on cooperation were suspended; several Russia's officials were banned to travel to the EU while their assets were attached. Trade, financial, and military restrictions were introduced.

The sanctions list included a total of 151 individuals and 37 entities. The sectoral sanctions were imposed against 20 Russian financial, oil-producing and defense companies.

The Russian Federation introduced a package of retaliation restrictions against the EU, the U.S., Australia, Canada, and Norway in August 2014. The so-called counter-sanctions prohibited imports of fruit, vegetables, as well as dairy and meat products to Russia from these countries for a one-year period.

Read more: Mogherini of EU says bloc to continue linking anti-Russian sanctions to Minsk deal implementation despite Trump's decisions
 
 
 
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