EU extended sanctions against Russia without discussion

eu_extended_sanctions

On Monday June 5th the Committee of Permanent Representatives of the European Union countries in Brussels approved the extension of sanctions imposed against Russia for the annexation of the Crimea for another year.

As a European diplomatic source told Interfax, the decision was made without discussion because of the continuing illegal annexation of the Crimea and Sevastopol.

Now the extension of the sanctions should be approved by the EU Council. It is expected that it will happen at the meeting of foreign ministers of the EU countries, which will be held on June 19th in Luxembourg.

Sanctions against Crimea include a ban on the import of any Crimean goods into the EU, any European investments in the territory of the Crimea, including acquisition of real estate, financing of business, provision of services (for example, tourist services). European vessels are prohibited from entering the Crimean ports except for when in emergency situations.

The export of goods and technologies in transport, telecommunications, energy, oil production and refining, extraction of natural resources is banned in the Crimea, and any technical services for companies operating in these sectors are also prohibited.

As a result of the meeting in Italy on May 26th-27th, the leaders of the G7 countries ruled out the lifting of sanctions against Russia until the Minsk protocol is fulfilled, which requires that the Russian Federation transfers the control over the Russian-Ukrainian border in the Donbass region to Ukraine.

In addition, in the final declaration of the summit the leaders of the G7 announced their readiness to “put additional pressure in order to increase costs for Russia if its actions require it.”

Source: finanz.ru