Policy & Regulation

EU prolongs sanctions against Russian energy sector

The EU has prolonged sanctions against Russia for a further six months.
By Staff reporter 6 July 2018 0 31643

The EU has prolonged sanctions against Russia for a further six months, until 31 January 2019, the Council of the EU said on Thursday.

The sanctions were first introduced on 31 July 2014 and cover a number of sectors including energy and finance.

They curtail Russian access to certain sensitive technologies and services that can be used for oil production and exploration.

The sanctions also limit access to EU capital markets for three major Russian energy companies – Rosneft, Transneft and Gazprom Neft.

The measures are...