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 NewsRSSEU economic sanctions against Russia prolonged by 6 months
1 of July 2016 г.
The Council of the European Union on Friday approved the decision agreed upon on June 21 by the Committee of Permanent Representatives of the EU countries to prolong the economic sanctions on Russia by six months, until January 31, 2017, the council said in a communique - Interfax.
"The decision was adopted by written procedure and, as is the rule for all decisions on prolongation of restrictive measures, unanimously," the document said. "These measures were introduced on 31 July 2014 initially for one year in response to Russia's actions destabilizing the situation in Ukraine. They were reinforced in September 2014. They target the financial, energy and defense sectors, and the area of dual-use goods," the document said. The European Union on March 19, 2015 approved the linking of the period of these sanctions to full implementation of the Minsk agreements. They were expected to be lifted by December 31, 2015, but the Council of the European Union prolonged them until July 31, 2016, bearing in mind that the Minsk agreements were not fully implemented in that period. "Having assessed the implementation of the Minsk agreements, the Council decided to renew the sanctions for a further six months, until 31 January 2017," the Council of the European Union said in its communique.
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