EU extends economic sanctions against Russia until January 31, 2016
The European Union on Monday extended economic sanctions against Russia until January 31, 2016.
According to UNIAN’s chief correspondent in Brussels, the decision was taken without debate in Luxembourg at a meeting of the European Council at the level of Foreign Ministers.
In particular, the sanctions relate to access to European financial markets for some Russian banks and companies, trade in arms and dual-use goods, and exports of certain technologies related to the energy sector.
As reported earlier, the extension of economic sanctions against Russia is the result of an agreement of EU leaders to associate these sanctions with the full implementation of the Minsk agreements until December 31. It was decided during the meeting of the European Council on March 19-20.
The decision on economic sanctions against Russia because of the annexation of Crimea and the destabilization of situation in the east of Ukraine was made on June 31, 2014. The sanctions were tightened on September 8, 2014.