EU set to extend Russia sanctions by six months: sources

Image
AFP Brussels
Last Updated : Dec 03 2015 | 10:28 PM IST
The European Union will extend punishing economic sanctions against Russia for its involvement in the Ukraine crisis for another six months, diplomatic sources said today.
They said ambassadors from the EU's 28 member states were to meet next week on Wednesday to roll-over punitive measures first adopted after the July 2014 downing of a Malaysia Airlines jet, blamed on pro-Russian rebels in eastern Ukraine.
"It is looking like it will be a rollover for another six months," one diplomatic source told AFP.
Amid differences over what line to take as Brussels and Washington seek Russia's help to resolve the Syrian conflict, the sources said the simplest option was to extend the measures.
Moscow has repeatedly dismissed the sanctions which target its bank, oil and defence sectors as both ineffective and counter-productive to a better mutual understanding.
"There was a discussion. Poland wanted to put more sanctions on Russia, others less, so in the end there was a tendency to leave them as they are and extend them for six months," another diplomatic source said.
"We want to do this without too much fuss and we do not want to discuss the issue at the summit in December," the source said.
Many eastern European member states are notably more critical of Moscow, fearing Russian intervention in Ukraine shows it wants to reassert its Soviet era influence in the region.
EU leaders meet December 17-18 for a summit likely to dominated by the twin migrant and Syrian crises which have left the 28-nation bloc scrambling to find an effective response.
In March, EU leaders agreed to link the economic sanctions to Russia's full implementation of a ceasefire brokered by France and Germany in Minsk.
The first diplomatic source said the decision "will allow us to step back a bit, give us some time" to see what happens next with the Minsk peace accords.
A fresh Franco-German initiative helped bolster the Minsk accord in September, producing a marked decline in ceasefire violations and hopes the agreement might stick after the rebels agreed to postpone elections in areas they control until next year.
However, Ukraine has still not regained control of its eastern border with Russia -- a key element -- and complains that the rebels have not pulled back heavy weapons and allowed international monitors free access.
The EU has also imposed separate travel ban and asset freeze sanctions on Russian and Ukrainian individuals held responsible for backing the rebels, which run to March, and for those involved in Moscow's annexation of Crimea, which run to June.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Dec 03 2015 | 10:28 PM IST

Next Story