Source: The Wall Street Journal
BRUSSELS—The European Union agreed Friday to extend for a year its sanctions over the annexation of Crimea and Sevastopol, saying the measures will now remain in place at least until June 23, 2017.
The sanctions include a ban on imports of products from Crimea or Sevastopol, a prohibition on EU investment in the regions, a ban on EU-registered cruise ships in the Black Sea peninsula and a ban on exports from the EU of high-technology goods for use in transport, energy and telecom sectors. The extension was widely expected.
The measures were introduced in two phases in 2014 after Russia annexed Crimea and Sevastopol, which remain internationally recognized as parts of Ukraine. The U.S. has imposed similar sanctions.
In coming weeks, the EU must decide whether to roll over separate economic sanctions on Russia which were imposed following Russia’s intervention in Ukraine. The sanctions are widely exp…