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US and EU extend sanctions over Russia

by ChemOrbis Editorial Team -
  • 23/12/2015 (11:40)
According to media reports, the European Union (EU) extended sanctions against Russia until the end of July 2016. The EU initially announced sanctions against Russia in July 2014 in response to Russia’s actions in Ukraine.

“Since the Minsk agreement, an agreement to halt the war in the Donbass region of Ukraine, will not be fully implemented by 31 December 2015, the duration of the sanctions has been prolonged whilst the Council continues its assessment of progress in implementation,” the European Council reported in a joint statement at its official website on December 21.

Meanwhile, the US also tightened its sanctions against Russia stemming from its intervention in Ukraine. On December 22, the US Treasury Department reported extending financial restrictions on 34 additional people and entities for helping Russian and Ukrainian companies evade US penalties.

The department stated that the sanctions would stay in effect until Russia fully implements its commitments under the Minsk agreement.
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