According to the information, this decision was made when Emmanuel Macron, the President of France and Angela Merkel, the Chancellor of Germany informed the EU on the non-fulfillment of the Minsk Agreements by Russia.
The EU claimed on March 19, 2015, that the term of the activity of the sanctions depends on the fulfillment of the Minsk Agreements that should have to take place on December 31, 2015. However, it did not happen and the EU Council decided to prolong the sanctions for another six months.
These sanctions restrict the access to the primary and secondary EU marker of the capital for five Russian financial institutions with the majority share of the state in the authorized capital, their sub-companies that work beyond the EU, three major Russian energy companies and three defense firms. Also, the ban on export and import of the weaponry, the ban for the export of the dual-use products for military needs of the Russian Army were imposed.
Moreover, Russia is restricted in the access to the particular technologies and services for the workout and oil extraction.
The European sanctions against Russia were imposed on July 31, 2014, as the response to the annexation of Crimea. The sanctions, including the aggression in Donbas, are strengthened and extended from time to time.
The European Parliament urged to extend the sanctions due to the suppressions in occupied Crimea in October 2017. Moreover, the MPs planned to urge the European Council to extend the targeted sanctions and impose visa-ban for people who are responsible for illegal activity in Crimea.