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EU extends sanctions against Russia

The European Council on Dec. 19 extended its economic sanctions against Russia for another six months until July 31, 2017.

The sanctions include limiting access by five major Russian majority state-owned financial institutions and their non-European subsidiaries to EU capital markets.

The measures were first imposed in July 2014 in response to Russia's actions in Ukraine and were reinforced in September 2014.

The Council on March 19, 2015, agreed to link the duration of the sanctions to the complete implementation of the Minsk peace and ceasefire agreements.