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EU formally extends sanctions against Russia


12-20-2016 00:17 BJT

The European Union has formally extended its economic sanctions against Russia by six months. Monday's announcement comes after a decision endorsed by national leaders at the EU Summit last week. The sanctions include limiting access to the bloc's primary and secondary capital markets and a trade embargo on arms.

The EU's restrictive measures were first imposed in July 2014 after Russia annexed the Crimean peninsula. The European Council confirmed the sanctions will now run until July 31, 2017. 

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