The Council decided to expand sanctions in response to the annexation of the Crimea

The details of approved sanctions not reported because they have yet to be agreed at the working level.
Council of the European Union on the level of Foreign Ministers decided to expand restrictive measures related to the illegal annexation of the Crimea and Sevastopol. This is stated in the report of the Council on Foreign Affairs promulgated December 15 following the results of the meetings.

However, the details of approved sanctions not reported because they have yet to be agreed at the working level.

“The Council approved the proposal in principle by EU High Representative for Common Foreign and Security Policy Federica Mogherini imposition of additional EU restrictive measures in response to the illegal annexation of the Crimea and Sevastopol. Technical discussions on its last offer,” – said in a statement.

Anecdotal evidence Moherini at the request of the Ukrainian side proposed to strengthen trade restrictions on European companies of the Crimean contractors.

As you know, because of Russian aggression against Ukraine in late July, the EU imposed sanctions against Russia the third level , which related to the energy, financial and military and dual-use. In September, the sanctions were strengthened.

International rating agency Fitch Ratings predicted that this year the capital outflow from Russia will reach 120 billion dollars, and in 2015 will amount to 100 billion dollars.

In addition, the Russian ruble has for a long time rapidly devalued because of the strong decline in oil prices and sanctions of the West towards Russia due to its aggression against Ukraine, including the occupation of the Crimea.

According to the Ministry of Finance, the economic losses due to sanctions amount to $ 40 billion a year , and losses from the fall in oil prices – about $ 100 billion.

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