The European Union on Thursday rolled over for another year tough sanctions imposed over Russia's 2014 annexation of Crimea from Ukraine.
The measures prohibit certain exports and imports from Crimea, and ban EU-based companies from investment and tourism services in the strategic Black Sea peninsula.
"The Council (of EU member states) prolonged the restrictive measures introduced in response to the illegal annexation of Crimea and Sevastopol by Russia until 23 June 2020," the bloc said in a statement, as leaders met for a summit in Brussels.
"The EU remains steadfast in its commitment to Ukraine's sovereignty and territorial integrity. The EU does not recognise and continues to condemn this violation of international law." The EU has imposed a raft of sanctions related to Russia's role in the Ukraine conflict, which has rumbled on since 2014 and claimed some 13,000 lives.
In addition to the Crimea and Sevastopol measures, the EU has severe economic sanctions in place against Russia as well as individual travel bans and asset freezes targeting some 170 individuals and 44 entities.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
