Feedback

EU extends economic sanctions against Russia for another six months

Source : 112 Ukraine

The sanctions will last until July 31, 2022
19:12, 13 January 2022

vesti.ru

The European Union has extended economic sanctions against Russia for another six months. This was reported by the press center of the European Council.

"The Council today decided to prolong the restrictive measures currently targeting specific economic sectors of the Russian Federation by six months, until 31 July 2022. The Council decision follows the latest assessment of the state of implementation of the Minsk agreements - initially foreseen to happen by 31 December 2015 - at the European Council of 16 December 2021," the message says.

It is noted that during the assessment of the state of implementation of the Minsk agreements that occurred at the European Council of 16 December 2021, the EU leaders encouraged diplomatic efforts and supported the Normandy format in achieving the full implementation of the Minsk Agreements. In light of the fact that Russia did not fully implement these agreements, EU leaders unanimously decided to roll-over the economic sanctions in place against the country.

Related: US prepares sanctions bill against Putin

The sanctions in place, first introduced on 31 July 2014 in response to Russia's actions destabilising the situation in Ukraine, 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. The sanctions also prohibit the direct or indirect import, export or transfer of all defence-related material and establish a ban for dual-use goods for military use or military-end users in Russia. The sanctions further curtail Russian access to certain sensitive technologies that can be used in the Russian energy sector, for instance, in oil production and exploration.

In addition to economic sanctions, the EU has in place different types of measures in response to Russia’s illegal annexation of Crimea and the city of Sevastopol and the deliberate destabilisation of Ukraine. These include: diplomatic measures, individual restrictive measures (asset freezes and travel restrictions) and specific restrictions on economic relations with Crimea and Sevastopol.

Related: US, EU sanctions for Russian aggression may vary, but still to be painful, - Nuland

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more
latest news
editor's choice
video