Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

EU to Keep Russia Sanctions in Force
19.01.2015 22:31
EU to Keep Russia Sanctions in Force
Photo Credit: http://nedelya-ua.com

The Council of the EU has found no grounds to ease Russia sanctions at a meeting it held on Monday.

      Many EU members fear the decision to lift some of the restrictions might send a wrong signal to Moscow.

      Earlier, the European Bank for Reconstruction and Development has downgraded its growth projections for the Russian economy in 2015. It cut its forecast from 0.2 percent decrease to a whopping 5 percent dive, according to the news agency Interfax.

      Russia has sparked a wave of criticism after it incorporated Crimea into its territory following a referendum on the peninsula with a large ethnic Russian population.

      The US and the EU imposed a raft of sanctions on Russian officials and individuals with close ties to the Kremlin.

      The US also put space and military cooperation on hold, followed by some of its NATO allies, including the UK.

      Trade between the EU and Russia fell sharply in 1Q 2014, echoing a sour political relationship between Moscow and Brussels split over the Ukraine crisis.

      According to Eurostat, EU imports from Russia dropped more than 9 percent in the first quarter of this year totaling €49.1 billion in March, versus €54.4 billion in the first quarter of 2013.

      As Euractiv.com points out, in 2013 the EU only had 27 members, which means the slide is in fact “even more significant”.

      EU exports to Moscow saw a 10.5 percent decrease, shrinking from €28.7 billion to €25.6 billion.

       




Author: Mikhail Vesely

Tags:      

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Andrey Zvyagintsev  Pskov  Russian national hockey team  Russian economy  Patriotic Musical Holding  Historical Exhibitions  St. Petersburg  Travel  Russian businessman  Mercedes-Benz Fashion Week Russia  Pilorama Civic Forum  Gadzhi Gadzhiev  Painting, Graphic Art  incident  Film Distribution  Sochi Olympics  Russian science  Russian natural reserves  Kemerovo Region  Russian trade  skiing in Russia  Russian tourism  Darwin Museum  Transaero  Republic of Mordovia  Russian ice hockey  TNK-BP  Russian Cinema  Symphonic Music  Old Russian Icon Painting  Exhibitions in Moscow  New Year  Russian gadgets  Aigle Azur  Russian scientists  Vladimir Bogomolov  Perm Territory  Volgograd Region  Old Russian Ornaments  The Universiade Museum   Christmas Trees  Russian business  Moscow  Regional Cuisines  airport transfer in Russia  Russian achaeology  human rights in Russia  How to Get to Yekaterinburg Arena (Tsentralny Stadium)  Sovremennik Theatre   Russian beaches 


Travel Blogs
Top Traveling Sites