Home News Economics The EU extended by another six months sanctions related with Ukrainian crisis

The EU extended by another six months sanctions related with Ukrainian crisis

EU council

Share This On Social

The Council of the European Union (EU) extended by another six months, until September 15th, the period of restrictive measures against Russia, relating to acts undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. The measures include freezing of assets and travel restrictions. They continue to apply to 150 physical and 38 legal entities.
The assessment of the situation does not justify a change in the sanctions regime. Where necessary, the relevant information and the reasons for inclusion in the list were updated in relation to those individuals and entities.
The legal acts will be published in the Official Journal of the EU on March 13, 2018.
Those on the sanctions list include Russian Ambassador to the United States Anatoly Antonov, Deputy Prime Minister Dmitry Rogozin, Armed Forces General Staff chief Valery Gerasimov, and state TV presenter Dmitry Kiselyov. The entity list is dominated by Russia-backed battalions operating in eastern Ukraine and Crimea as well as companies from Crimea.
Russian officials have repeatedly made statements in which they described the sanctions policy of the US, EU and their allies as extremely ineffective. For example, in June 2017, President Vladimir Putin told participants at the St. Petersburg Economic Forum that “The sanctions had helped Russia to switch on its brains, instead of just trading in oil and gas and pushed the nation towards structural changes in the economy”.