EU extends sanctions against Russia

Other News Materials 1 July 2016 17:01 (UTC +04:00)

The Council of the European Union said it has decided to extend economic sanctions against Russia by another six months on July 1, Sputnik International reported.

The sanctions include limited access to EU capital markets for a number of Russian financial institutions, as well as energy and defense companies, a ban on arms trade, and limited access for Russia to certain oil production technologies.

"On 1 July 2016, the Council prolonged the economic sanctions targeting specific sectors of the Russian economy until 31 January 2017," the Council said in a press statement.