EU extends anti-Russian sanctions for another six months

a Legal decision on the extension for another six months sectoral economic sanctions of the EU against Russia received 29 June 2020 the EU Council. Economic sanctions will remain in place until 31 January 2021. The extension of economic sanctions is based on the analysis of Berlin and Paris, the implementation of the Minsk agreements.

Adopted at the summit of European Union sanctions are in force after approval by the EU Council and publication in the Official journal of the European Union, reminiscent of the “Interfax”. In the economic sanctions the EU to Russia include a ban on the export and import of arms, ban on exports to Russia dual-use goods for military purposes or for the Russian army, limiting Russia’s access to technologies and services that are used for oil production, and also restricting access to the primary and secondary market of the EU capital for five Russian financial institutions with majority state share in the Charter capital and their subsidiaries, and to three major Russian energy companies and three defense companies.

the Sanctions in the field of Economics for a year because of Russia’s actions, allegedly destabilizing the situation in Ukraine was introduced on 31 July 2014. In September 2014 they were reinforced, and then on March 19, 2015 linked to the implementation of the Minsk agreements. The implication was that the Minsk agreements are fulfilled by all parties until December 31, 2015.

in addition to economic sanctions over the crisis in Ukraine to Russia, the EU adopted a number of sanctions in the form of individual interventions in “connection with the illegal annexation of Crimea and Sevastopol”. The results of the two referendums held in these regions on their return to Russia the European Union is not taken into account. “Crimean package” of sanctions was extended by the EU Council until June 23, 2021, noted earlier, German Chancellor Angela Merkel.