Urgent: EU prolongs economic sanctions against Russia by six months

The European Union (EU) on Friday announced to prolong the economic sanctions targeting specific sectors of the Russian economy until Jan. 31, 2017.

According to a press release issued by the Council of the EU, the economic sanctions prolonged with the decision include 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. Endit