Crimean football clubs will not take part in Russia’s leagues but may be joined into a separate league operating under UEFA’s mandate.
The clubs revoked their bid to join the Russian Football Union after the European football body ruled against such a move.
However, UEFA is considering setting up a separate league in Crimea temporarily.
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