EU extends economic sanctions against Russia for another six months

Latest news

    View the original article:

    The European Union has prolonged anti-Russia economic sanctions, keeping restrictions on business with Russian energy, defense, and financial sectors until January 31, 2018.

    Read more

    EU leaders agree to extend Russia sanctions over Ukraine

    According to a release published on Wednesday, the “decision follows an update from President Macron and Chancellor Merkel to the European Council of 22-23 June 2017 on the implementation of the Minsk Agreements.”

    Russian presidential spokesman Dmitry Peskov said the Kremlin takes the EU’s extension of sanctions “negatively and with sorrow.”

    Last week, EU leaders confirmed their decision to keep sanctions in place, with the President of the European Council Donald Tusk tweeting “Agreed. EU will extend economic sanctions against Russia for their lack of implementing the Minsk Agreement.”

    The sanctions were first introduced over the crisis in Ukraine and the Crimea reunification in 2014. They include an arms export ban, limited access to finance for Russian banks, and travel bans for over 150 individuals. Many measures, specifically, prohibit financial interactions with Crimea.

    In response, the Kremlin imposed an embargo on EU agricultural produce, food and raw materials. Since then the sides have repeatedly broadened and extended the restrictive measures.

    Russian President Vladimir Putin said the embargo on certain Western food products was good for Russia’s economy and should last “as long as possible.” He explained the ban is also in consumer interests, with high-quality products at lower prices becoming more available.

    Prime Minister Dmitry Medvedev said the measures introduced stimulate domestic production and many Russian companies have been asking the government to keep them.

    In the same category are

    Hundreds killed and thousands flee as Saudi-led forces bomb Yemeni port to ‘liberate’ it Civilians are fleeing Hodeidah after hundreds were killed in the Saudi-led coalition’s bomb campaign to take the strategic Yemeni port from Houthi reb...
    Man charged with child abuse after five drugged girls found with him in Mississippi cemetery A 20 year-old man faces felony child abuse charges after he was found in a Mississippi cemetery with five underage and drugged girls – two of whom wer...
    Roger Stone’s meeting with man selling ‘dirt on Hillary’ fires up Russiagate It was no less than “a man with a Make America Great Again hat and a viscous Russian accent” who Donald Trump’s former advisor, Roger Stone, met and n...
    Russian embassy beats Uruguay at opening match of ‘DC World Cup’ in Washington (VIDEOS) The international 'DC World Cup' football tournament has kicked off in Washington DC, with the Russian team beating their Uruguayan diplomat colleague...
    9yo girl, elderly man killed as 6.1 quake strikes Japan At least three people have been confirmed killed and more casualties are feared, after a magnitude 6.1 earthquake hit north of Osaka Prefecture in wes...
    ‘Historic’: The reaction to Mexico’s stunning win against world champions Germany WORLD CUP 2018 DAY 4 LIVE #FansEyeView #FootWall 18 Jun, 2018 12:06 Mexico 1-0 Germany: 'Chucky' goal topples reigning champions at raucous Luzhnik...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.