The European Union has decided to extend sectoral economic sanctions against Russia for aggression in Ukraine for another half a year – now they will operate until January 31, 2020. The decision was made by the leaders of the EU member states.

Sectoral economic sanctions limit the access of certain Russian banks and companies to primary and secondary capital markets in the EU, impose a ban on exports and imports of arms, impose a ban on the export of dual-use goods for military use or military end-users in Russia, and also restrict Russia’s access to certain technologies and services that can be used in oil extraction and the search for its deposits.

The lifting of these sanctions is possible only in case of full implementation of the Minsk agreements.

Also, on June 20, the Council of the European Union for a year extended the sanctions imposed due to the annexation of the Crimea.

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