European Council extends sanctions to Russia for six months
The branch of the European Union extend the measure against the country ruled by Vladimir Putin due to the armed conflict with Ukraine
The European Council formalized the six-month extension, until July 31, 2020, of the economic sanctions adopted against Russia by the conflict in Ukraine, understanding that there has been insufficient progress in compliance with the Minsk Agreements.
The extension was agreed last week at the summit of heads of state and government, by virtue of the information provided by the president of France, Emmanuel Macron, and the chancellor of Germany, Angela Merkel, after their recent meeting with the leaders of Russia and Ukraine, Vladimir Putin and Volodimir Zelenski, respectively.
The Heads of State and Government of the EU already conditioned in March 2015 the duration of economic sanctions on Russia to full compliance with the Minsk Agreements and, since then, they have been extended.
The punishments were approved in July 2014 in the financial, energy, defense and dual equipment sectors in response to the Russian aggression in Ukraine and were reinforced in September of that year.
European sanctions restrict access to the capital market of five banks owned by the Russian State, the Sberbank, the VTB Bank, the Gazprombank, the Vnesheconombank (VEB) and the Rosselkhozbank, as well as their subsidiaries outside the EU and those that operate in your name or under your control.
K. Tovar
Source: Sputnik Mundo
