EU extends sanctions against Russia

Source : 112 Ukraine

EU will prolong sanctions against Russia up till July, 2016
19:24, 21 December 2015
112 Agency

The European Union has extended sanctions against Russia till July, 2016. Sanctions imposed in response to Russia's interference in Ukraine and were prolonged through July 31, 2016, after the deadline for EU nations to challenge the extension passed.

This was said on the official page of European Union. The Committee of Permanent Representatives made the decision in Brussels during an EU Summit.

Diplomats say the banking, energy and defense sectors are at gunpoint.

Sanctions against Russia include restrictions to European Credit system for five Russian banks: “Sberbank”, “VTB”, “Gazprombank”, “VneshneEconomBank” and “Rossel’hozbank”.

Second part of restraints is embargo to sell to Russia technologies of double use, and first of all - electronics.

Also EU banned all kinds of Crimean products on the territory of European Union.

Separately of that, black list of people and organizations was created. Those people have no right to visit EU and no access to banking sector. There are about 150 people in the list, including members of so-called “Luhansk National Republic” and “Donetsk National Republic”.

The 28-member EU first imposed sanctions on July 31, 2014, after Russia seized the Crimea region from Ukraine and lent support to separatists whose war against government forces has now killed more than 9,000 people in eastern Ukraine.

The EU said on December 21 that it was extending the sanctions because the Minsk peace accords, which Russia signed up to, would not be fully implemented by the end of this year.

Related: Sanctions against Russia must be extended until Minsk agreements are complied with, - Linkevicius

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