Europe: EU agrees to extend Russia sanctions until mid-2017
Author(s): Gabriela Baczynska | Date: December 15, 2016 | Language: English
Source: http://www.reuters.com/ | URL: https://goo.gl/jWpvvi | Type: Text
European Union leaders agreed on Thursday to extend economic sanctions against Russia over the turmoil in Ukraine until mid-2017, though some wanted a longer timespan over fear U.S. President-elect Donald Trump would ease pressure on Moscow.
The decision was expected and the formal process to extend the sanctions on Russia’s defense, energy and financial sectors will take place early next week.
“Some of our colleagues would prefer maybe 12 months but … what is possible is maintaining our current format, it means six months,” European Council President Donald Tusk said.
The bloc slapped sanctions on Russia after it annexed Ukraine’s Black Sea peninsula of Crimea from Ukraine in 2014 and stepped them up as Moscow went on to support a separatist rebellion in Ukraine’s industrial east.
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