Thursday, December 14, Brussels – EU heads of state or government, gathered in Brussels, agreed to extend economic sanctions against Russia for six months. The deadline for the sectorial sanctions is 31 January 2018.
President Dalia Grybauskaitė, attending the European Council meeting, underscored that the European Union had a united principled position regarding sanctions against Russia. The sanctions will be extended until the full implementation of the Minsk agreements and re-establishment of peace in the territory of Ukraine.
According to the President, three years have passed since the Minsk agreements but there is no shift in their implementation. It is obvious that Russia has no intentions to observe them. Up until now, not a single commitment is implemented to the full. Aggression against Ukraine and hostilities in the Eastern Ukraine continue.
According to the President, the extension of sanctions means a clear political and value-based position of the EU that Europe denounces Russia’s actions and does not tolerate aggressive behavior.
Economic-sectorial sanctions limit the provision of loans to Russian banks and companies, suspend the funding of programmes from the European Investment Bank, introduce arms embargo, and ban export of advanced technologies in oil sector.
Last updated 2017.12.15 10:28Back