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 Russia sanctions have little impact on EU's economy, - Mogherini

EU High Representative Federica Mogherini says the impact of anti-Russian economic restrictions on the EU's economy is minimal.

Censor.NET reports citing Gazeta.ru.

Read more: Mogherini names Ukraine among top priorities in 2017

According to Mogherini, sanctions were elaborated in a way they would exert only insignificant influence on the economy of the EU member states.

As for the impact in specific areas, it is minimal and offset by other measures, she explained.

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.
 
 
 
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