EU Extends Russia Sanctions for Ukraine Actions by Six Months
The European Council extended for six months sanctions targeting certain economic sectors of Russia for their actions in destabilizing Ukraine, according to a July 12 press release. The sanctions, which were extended until Jan. 31, 2022, were first implemented on…
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July 31, 2014 and consist of limiting access to EU primary and secondary capital markets for particular Russian banks and companies, and blocking forms of financial assistance and brokering directed toward Russian financial entities. The sanctions also bar the trading of defense materials and dual-use goods for military use or military end-users in Russia.