European Union Extends Russia Sanctions

Foreign ministers representing the European Union countries agreed to extend existing sanctions against Russia for an additional six months. The extension continues a set of sweeping sanctions that affect Russian companies and individuals to the end of restricting their ability to interact with Western financial systems. The European Union did not, however, agree not to impose new sanctions against Moscow, a sign that the country still fears possible retaliation.

The extension given to the sanctions makes them active until September, and will be put to a vote whether to extend or not again in July or August. Russia currently controls 33% of the European Union’s natural gas supplies and while it has made concerted efforts to diversify and make its own natural gas transport network robust, it is still not in a position to further alienate Moscow. Sanctions currently impact 132 people and 28 Russian entities.

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News Briefs:

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