The Council of the European Union has officially extended economic sanctions against Russia until July 31, 2022. It is reported by RIA Novosti with reference to the EU statement.
During the December summit in Brussels, EU leaders unanimously agreed to extend economic sanctions against Russia. They also called on Moscow to implement the Minsk agreements.
The economic sanctions of the European Union have been in effect against Russia for more than seven years. They are directed against the financial, energy and defense sectors of the country. Thus, the EU has limited Russia’s access to certain technologies and services for oil production and exploration, has banned the supply and receipt of weapons, as well as dual-use goods. Some Russian banks and companies fell under the sanctions. Russia, in response, took a course on import substitution and reported on the counterproductiveness of sanctions for the EU. At the same time, Moscow has repeatedly stressed that it is not a party to the conflict in Ukraine and is not a subject of the Minsk agreements.
Earlier, Russian Foreign Minister Sergei Lavrov said that Russia would react to the real development of events, and not “wave a club” if the United States imposed the proposed sanctions.