The EU Committee of Permanent Representatives (part of the Council of the EU) has agreed to renew European economic sanctions against Russia for 6 months. The Foreign Affairs Council, made up of the foreign ministers of all EU Member States, is expected to ratify this at a meeting on 22 June.
These sanctions (inter alia) prohibit financial transactions with major Russian state banks, ban the export to Russia of energy-exploration equipment, and prevent the sale of weapons and some dual-use civilian goods to Russia. They were due to expire on 31 July 2015 before being renewed. A separate regime, which imposes EU-wide asset freezes and travel bans on 151 people and entities said to have undermined Ukraine’s sovereignty, territorial integrity, or independence, is currently due to expire on 15 September 2015 (see previous blog).