EU extends sanctions against Russia for six months

‘The European Union has formally extended the economic restrictions on Russia for another six months over Moscow’s alleged involvement in the Ukrainian crisis.
“On 19 December 2016, the Council prolonged the economic sanctions targeting specific sectors of the Russian economy until 31 July 2017,” the Council of the European Union, which groups the 28 EU member states, said in a Monday statement.
Among other restrictions, the sanctions limit access to primary and secondary EU capital markets for five major Russian majority state-owned financial institutions and their majority-owned subsidiaries established outside of the EU, as well as three major Russian energy and three defense companies.’
Read more: EU extends sanctions against Russia for six months