The EU will extend for six months its economic sanctions against Russian Federation, the Council announced on Monday, noting that the conditions of the Minsk peace deal have not been met. In tandem with USA sanctions, the effort has contributed to a painful economic slowdown in Russian Federation that will continue next year.
The Council of the European Union said in a statement on its website Monday that sanctions were supposed to come to an end on January 31, 2016, but they were prolonged until July 31, 2016. None of the problems seems likely to abate next year, leaving open the question whether European nations will continue to be able to hold together on the sanctions. The EU The EU said in a press release that throughout the process it has been attentive to Russia’s concerns and put forward proposals for practical solutions without amending the DCFTA.
European Union officials say there can be no let up in sanctions until Russian Federation ensures pro-Moscow rebels in eastern Ukraine stick to the Minsk deal.
“We were a bit surprised by Putin’s announcement”, she said.
German plans to build a second pipeline – Nordstream 2 – to carry Russian gas under the Baltic Sea added to Renzi’s frustration.
“As has been conveyed from the beginning of the talks and reconfirmed by President Juncker last week the DCFTA can not be amended – neither directly nor indirectly”, Malmström said. “It was an emotional discussion”.
The sanctions cover a range of sectors.
The EU and United States imposed sanctions on Russian Federation for its role in fomenting and perpetuating the conflict, and for annexing Crimea from Ukraine in March 2014.
The measures were reinforced in September 2014.
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