Russia: EU renewing economic sanctions of six months

The December 19 2016 the European Council extended the economic sanctions on specific sectors of the Russian economy until July 31 2017.

initially introduced for one year on July 31 2014, in response to Russia's actions aimed at destabilizing the situation in Ukraine, such measures have been strengthened in September 2014. concern the financial sector, energy, defense and dual-use goods.
The March 19 2015 the European Council agreed to depend on the duration of the sanctions on the full implementation
of the Minsk agreements, which was to take place by December 31 2015.

In particular, the economic sanctions extended by this decision:
-limitano access to the markets of primary and secondary EU capitals by the five largest Russian financial institutions
owned by the state and their majority-owned subsidiaries established outside the EU, as well as three large Russian companies in the energy sector and three operating in the defense
-impongono an export ban and import with regard to the arms trade
-stabiliscono a ban on exports of dual-use goods for military purposes or military end-users in Russia
-limitano Russia's access to certain services and sensitive technologies that can be used for the production and
oil prospecting

Framework of EU restrictive measures in response to the crisis in Ukraine

Generale