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Wednesday, March 14, 2018

The EU decided to extend sanctions against Russia

On Tuesday, March 12, the European Council adopted the decision to extend for another 6 months, until September 2018, EU sanctions against Russia. The restrictive measures include the freezing of assets, blocking access to the capital markets of the European Union for Russian companies and banks, as well as restriction of movement of some individuals. Conditions for the lifting of sanctions the Europeans call the implementation of “Minsk agreements”.

photo: ru.wikipedia.org

Recall that sanctions were imposed in 2014 after joining the Crimea to Russia, abroad it was noted as the violation of the territorial integrity and sovereignty of Ukraine. The validity of the restrictive measures was extended, but the bills still get 150 people and 38 organizations. Including three defence firms, and three Russian energy company. The sanctions also imply the limitation of their access to the technologies of oil exploration.

Moreover, the actual Crimean territories have been taken some measures: ban on exports to the EU from the Crimea, investment in the Republic, for the rendering of tourist services for the European travel agencies on the Peninsula.

The member countries of the EU decided that economic sanctions will last until will not be fulfilled “Minsk agreement”, which among others include Constitutional reform in Ukraine with the definition of the special status of Lugansk and Donetsk regions.

The basis of the extension of the sanctions was reports of German Chancellor Merkel and French President Makron, submitted to the Council in December last year. European leaders concluded that the agreement had not been executed, then in fact and it was decided to extend the sanctions. Now it only formalized and legally secured.

The adoption of anti-Russian sectoral and personal sanctions in 2014, Moscow reacted to the imposition of an embargo on certain goods exported from the EU. In addition, the Kremlin described the sanctions as illegal.

Sanctions . Chronicle of events

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