The president wrote on Facebook, Censor.NET reports.
"Welcome the decision of the EU Council to extend the "Crimea package" of sanctions for 12 months. Price for attempted annexation must rise," the head of state wrote.
On June 19, the Council of the European Union has extended the restrictive measures in response to the illegal annexation of Crimea and Sevastopol by Russia for another 12 months.
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.