BRUSSELS, The European Union Friday decided to prolong economic sanctions targeting specific sectors of the Russian economy until 31 July 2019.
An EU statement noted that this decision follows an update from French President Emmanuel Macron and German Chancellor Angell Merkel to the European Council of 13-14 December on the state of implementation of the Minsk agreements, to which the sanctions are linked.
Given that no progress has been made, the European Council took the political decision to roll-over the economic sanctions against Russia, it said.
The sanctions target the financial, energy and defence sectors, and the area of dual-use goods. They were originally introduced on 31 July 2014 for one year in response to Russia’s actions destabilising the situation in Ukraine and strengthened in September 2014.
Source: Kuwait News Agency