EU extends economic sanctions against Russia for six months

Published Thu, Dec 19, 2019 · 02:05 PM

[BRUSSELS] European Union nations formally extended economic sanctions against Russia on Thursday by six months until July 31, the grouping of EU countries known as the European Council said on Thursday.

The decision followed an update by French President Emmanuel Macron and German Chancellor Angela Merkel to fellow EU leaders at last week's summit on the state of the Minsk agreements, designed to bring peace to eastern Ukraine after Russia's annexation of Crimea in 2014.

"Given that the Minsk agreements are not fully implemented, the European Council unanimously took the political decision to renew the economic sanctions against Russia," the Council said in a statement

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here