EU extends economic sanctions against Russia for six months

EU extends economic sanctions against Russia for six months

The European Union officially prolonged sanctions against Russia for six months until July 31, 2018, a communiqué released in Brussels said.

"On 21 December 2017, the Council prolonged economic sanctions targeting specific sectors of the Russian economy until 31 July 2018," the EU Council document said.

The latest extension was politically agreed on by the EU heads of state and government at their summit in Brussels on December 14.

The EU’s economic sectoral sanctions against Russia are in effect until the end of January 2018. These measures include financial restrictions on Russia’s leading defense and energy companies, as well as large banks with state participation. In addition, they imply a ban on imports of military and energy technology and high-tech equipment to Russia.

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