The European Union is extending sanctions on Russia

The European Union has extended economic sanctions against Russia for another six months for failing to meet its commitments to the Ukrainian peace deal.

The measures target Russia’s financial, energy and defense sectors, as well as goods that can be used for both civilian and military purposes. The move is part of an ongoing review and is not linked to current tensions over Russia’s military buildup near Ukraine.

The measures are part of a series of sanctions imposed on Russia in 2014 after it annexed Ukraine’s Crimean Peninsula and are linked to compliance with the 2015 Minsk peace agreement. The EU has renewed sanctions, which will remain in force until at least on July 31, because Russia “did not fully implement” the peace agreement, according to the AP.

The move restricts access for Russian banks and companies to EU capital markets and prohibits financial assistance or intermediation by Russian financial institutions. It stops all imports, exports or transfers of defense equipment and restricts Russia’s access to some “sensitive” technologies used in oil production.

The European Union is also working with the United States to ensure that no agreement with Russia is decided without the approval of European countries.

“We have had extremely close coordination with the United States in recent days,” Reuters’ Josep Borrell Fontelles said at an informal meeting of EU defense ministers in the French city of Brest.

“We are confident that nothing will be decided or negotiated without close coordination with Europe and without the participation of Europeans,” the EU official said.

Diplomats from the United States and Russia met in the Swiss city of Geneva on Monday for talks on strategic stability. “We have presented a number of ideas by which both countries can act in the interests of security and to improve strategic stability. The United States has proposed a new meeting to discuss these bilateral issues in more detail, “US Undersecretary of State Wendy Sherman said after the meeting. the North Atlantic Alliance is expanding.

More than 14,000 people have been killed in fighting between Ukrainian troops and Russian-backed separatists in eastern Ukraine.


Source: Cotidianul RO by www.cotidianul.ro.

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