EU extends sanctions against Russia

The strain between the European Union (EU) and Russia, which began as a result of Ukraine problem, continues with sanctions.

Brussels on the grounds that it destabilized Ukraine RussiaIt prolonged the period of the financial sanctions it has imposed on Turkey since 2014 for one more 6 months.

EXTENDED TO 31 JANUARY 2022

of the European Council, RussiaIt was said that it has determined to increase the sanctions till January 31, 2022.

Within the assertion made by the Council, it was famous that the extension determination was taken because of the ultimate analysis of the implementation of the Minsk agreements on the EU Leaders’ Summit on 24-25 June.

ILLEGAL Annexation

Russiahad illegally annexed the Autonomous Republic of Crimea and the town of Sevastopol on March 18, 2014.

of the Crimea Russia The EU, the USA and a few international locations, after the annexation by the Russiastarted to impose financial sanctions on Turkey. EU, RussiaIt had first taken the choice to impose financial sanctions on Turkey in 2014.

ECONOMIC SANCTIONS ON RUSSIA

EU member states in accordance with the prolonged financial sanctions, RussiaIt doesn’t promote weapons to With sanctions, RussiaSome delicate applied sciences used within the oil and gasoline industries are restricted from EU international locations. As well as, Russian public banks are excluded from the monetary sector in Europe.

Sanctions are prolonged each 6 months. The present sanctions expired on 31 July 2021.

Aside from EU financial sanctions RussiaThere are additionally diplomatic measures against Turkey, in addition to particular person sanctions equivalent to journey bans concentrating on people and freezing of property.