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    June 29, 2016

    Putin extends the counter-sanctions to 2018

    "Putin extends sanctions against the West", June 29, 2016
    Translated from Russian by Tom Winter

    Russia has extended the food embargo on Western countries. The sanctions will be in effect through December 31, 2017.

    President Vladimir Putin signed a decree on the extension of the food embargo on Western countries. According to the document the authorization will be valid until 31 December 2017. The decree comes into force from the date of signature, ie 29 June.

    From the document:
    "To extend from 6 August 2016 to 31 December 2017 the action of the special economic measures envisaged by the decree of the President of the Russian Federation <...> On the engaging certain special economic measures in order to ensure the security of the Russian Federation."

    Thus, the extension of the sanctions by Moscow was a reprisal for the actions of the West. Recall that on June 21, permanent representatives of the EU countries agreed to extend the economic restrictive measures against Russia for another six months - until the end of January 2017. 

    Earlier, June 17, the EU Council extended the restrictive measures, inter alia, in respect of Crimea and Sevastopol, in particular, to 23 June 23, 2017.

    It should be noted that in Europe, not all agree with the sanctions policy of Brussels. In particular, the German public and business community of Germany are in opposition.

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    Item Reviewed: Putin extends the counter-sanctions to 2018 Rating: 5 Reviewed By: Tom Winter
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