Federica Mogherini, the High Representative of the European Union for Foreign Affairs and Security, said the sanctions against Russia would be extended for 6 months, until July 31st.
The European Council approved the decision.
The sanctions entity:
-limiting access to EU primary and secondary capital markets for 5 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;
-imposing an export and import ban on trade in arms;
-establishing an export ban for dual-use goods for military use or military end users in Russia;
-curtailing Russian access to certain sensitive technologies and services that can be used for oil production and exploration.
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
