The Council of the European Union has decided to extend the economic sanctions against the Russian Federation for a further six months, until 31 January 2021, the Council's press service reports.
On 19 June 2020, the latest assessment of the state of implementation of the Minsk agreements was conducted at the video conference of the Council's members. Taking into account problems with their full implementation, EU leaders agreed to renew the economic sanctions against Russia.
Such restrictive measures were introduced in 2014 in view of Russia’s destabilizing actions against Ukraine: they target the financial, energy and defense sectors, as well as the area of dual‑use goods.
The sanctions limit access to EU primary and secondary capital markets for certain Russian banks and companies and prohibit forms of financial assistance and brokering towards Russian financial institutions.
As we reported earlier, German Chancellor Angela Merkel has good reasons for continuing dialogue with Russia, despite the "methods of destabilization" on the part of Moscow.
“In countries such as Syria and Libya, which lie in close proximity to Europe, Russia's strategic influence is great. Therefore, I will continue to seek cooperation,” the head of the German government emphasized.