Despite the apparent ineffectiveness of the measures initiated by Washington against Russia the European civil servants took the decision to extend economic sanctions against Moscow.

Limitation imposed to exert political pressure on the Russian government, will last at least 6 months, decided in the Council of the European Union.

Heads of Ministries of foreign Affairs of member countries of the European Union had extended financial sanctions against Russia until 31 January 2016. To do this, civil servants needed needed to approve appropriate amendments to the decision of the Union's sectoral restrictive measures against Moscow.

So, loyal followers of the member countries of the EU agreed on a suitable solution at the private meeting, which occurred on June 17, after which the question was submitted for approval to the Ministers of foreign Affairs. At a meeting in Luxembourg, they decided to include it in the number of paragraphs "A", which are taken at the meeting without further discussion.

"Paragraphs "And" accepted penalties against Russia extended", - quotes RIA Novosti news of the EU Council. However, for Russia a similar decision was not a surprise - talk about what the European powers can extend their own punishment was carried out for a long time.

The restrictive measures of the EU against Russia were imposed on 1 August 2014. In early September, they were enlarged. According to the correct decision was an embargo on new contracts for the import and export of arms and goods and technologies of dual purpose.

Also, punishment touched the banks and the oil industry. European investors were not allowed to issue new loans more than 30 days 5 biggest economic organizations of Russia - Sberbank, VTB, Gazprombank, Russian agricultural Bank and Vnesheconombank. Also, investors are deprived of the opportunity to buy the stock and bonds of the new editions of maturity in addition more than 30 days.

"Rosneft", "Transneft" and "Gazprom Neft" has been truncated access to European capital. Among other things were banned the supply of equipment and services for deepwater exploration and production of oil, similar work in the Arctic and shale deposits.

The decision to extend the sanctions until the end of January 2016 will allow Russia in addition to preserve food embargo on certain food products, which acts as a measure to support domestic producers. About this earlier said Russian Deputy Prime Minister Arkady Dvorkovich.
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