EU renews Russia sanctions for six months

2017/9/8 0:14:33

Analyst: “We view it as possible that the EU could begin to relax sanctions next year as Russia remains stubborn and EU businesses continue to lose opportunities.

 


KYIV, Sep 7, 2017 - EU foreign ministers agreed on Sept. 6 to renew their sanctions against Russia for another six months, Concorde Capital informed clients, based on a report Radio Free Europe/Radio Liberty. The asset freezes and visa bans apply to about 150 officials and 38 enterprises involved in the Russian occupation of Crimea and Donbas.

 

 Concorde analyst Zenon Zawada added: “We raised the possibility that sanctions could start to be relaxed in 2H17 with the election of U.S. President Trump and the rise of the far right in France. But Le Pen’s party flopped and Trump has abandoned his proposals to pursue détente with Russia and has adopted the Western establishment’s foreign policy approach, which is to keep pressuring the Putin administration.

 

 “Nonetheless, we view it as possible that the EU could begin to relax sanctions next year as Russia remains stubborn and EU businesses continue to lose opportunities. Moreover, we expect anti-immigrant, pro-Putin parties to make more gains in EU parliamentary elections, starting with their first presence in the German Bundestag in its election this September.

 

 

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For more information, link here: www.concorde.ua 

 

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