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EU to extend economic sanctions against Russia for another 6 months

Source : 112 Ukraine

Work on new sanctions in the EU is not underway yet
19:10, 7 December 2021

vesti.ru

EU leaders will approve an extension of economic sanctions against Russia for another six months at the next week's summit, Radio Liberty journalist Rikard Jozwiak reports.

"At this stage, next week's EU leaders will extend economic sanctions against Russia for another six months without much or any discussion," the journalist wrote on Twitter.

He also noted that work on new sanctions in the EU is not yet underway. However, the leaders plan to discuss Ukraine and Belarus at the meeting.

As it was reported, economic sanctions were first imposed on July 31, 2014, in response to Russia's actions destabilizing the situation in Ukraine. They were strengthened in September 2014, and in March 2015 the European Council agreed to link their duration to the implementation of the Minsk agreements.

Sanctions restrict access to EU primary and secondary capital markets for certain Russian banks and companies and prohibit forms of financial assistance and intermediary services for Russian financial institutions. The measures also prohibit the direct or indirect import, export, or transfer of all defense-related materials, and prohibit dual-use goods for military use and end users in Russia. The sanctions further restrict Russia's access to certain sensitive technologies that could be used in Russia's energy sector, such as oil production and exploration.

Related: Biden and Putin speak at a critical moment for Ukraine

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