the Flags of the European Union
the EU Sanctions against Russia will likely be extended for six months. The reason is that the main condition for their withdrawal — the observance of the Minsk agreements — is still not implemented
the EU Sanctions against Russia, which expire 31 January 2017, likely to be extended for six months, reports Bloomberg with reference to five European officials familiar with discussions on this issue. Another EU official, in conversation with Bloomberg ruled out any other scenario.
According to interlocutors of Agency, the reason for the extension of the sanctions that the main condition for their withdrawal — the implementation of the Minsk agreements on Ukraine — have still not been implemented.
last week, 18 November, following the meeting of U.S. President Barack Obama in Berlin with the leaders of the countries of the European Union, the parties came to a consensus that sanctions against Russia should be maintained until the full implementation of the Minsk agreements.
“the Sanction is not canceled. Do not know when they will be cancelled”, — said on 18 November, Russian Prime Minister Dmitry Medvedev at the world grain forum in Sochi.
Sanctions against Russian companies, politicians and bureaucrats was imposed by the EU in March 2014, after the annexation of Crimea to Russia. Under the terms of the sanctions a number of Russian politicians and officials are banned entry to the EU. Furthermore, Russian credit institutions (Sberbank, VTB, Rosselkhozbank, Vnesheconombank, Gazprombank) is forbidden to raise funds in European markets. The sanctions also include a ban for European business in cooperation with Russian companies of the military (“Almaz-Antey” concern “Kalashnikov”) and energy sectors.
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