Tuesday

27th Sep 2016

Ticker

EU extends sanctions against Russia

The EU officially decided on Friday to extend its economic sanctions against Russia to 31 January 2017. The decision was taken by EU ambassadors already last week, but the official confirmation was delayed until after this week's EU summit. The sanctions, which target Russia's energy and banking sector and specific politicians, were adopted in 2014 in response to Russia's annexation of Crimea and its intervention in eastern Ukraine.

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