EU sanctions targeting Moscow’s finance, energy and defense industries will stay in place until mid-2020. EU leaders extended sanctions in response to the illegal annexation of Crimea and the deliberate destabilization of a neighboring sovereign country. The decision about the extension of the economic sanctions comes after the leaders of Russia and Ukraine met in Paris to seek a solution to Ukraine conflict.
European Union leaders agreed to extend economic sanctions against Russia for another six months, officials said. The measures consist of an asset freeze and travel restrictions. They currently apply to 170 persons and 44 entities. The relevant information and statement of reasons for the listing of these persons and entities have been updated as necessary.
Other EU measures in place in response to the crisis in Ukraine include:
- Economic sanctions targeting specific sectors of the Russian economy, currently in place until 31 January 2020.
- Restrictive measures in response to the illegal annexation of Crimea and Sevastopol, limited to the territory of Crimea and Sevastopol, currently in place until 23 June 2020.
The measures were first implemented in 2014 after Moscow annexed Ukraine’s Crimean peninsula and backed a separatist insurgency in the country’s east.
“Prolongation of Russia sanctions is adopted by EU leaders,” Barend Leyts, spokesman for European Council President Charles Michel, wrote on Twitter
Brokered by German Chancellor Angela Merkel and French President Emmanuel Macron, it was the first top-level summit on the Ukraine conflict in three years.
Photo: Council of the EU