Economics
EU Said to Be Set to Extend Russian Sanctions for Six Months
- Ukraine peace deal delays said to hinder removal of sanctions
- Russian bonds, ruble have gained on hopes of sanctions easing
Russian President Vladimir Putin arrives on day two of the G20 Turkey Leaders Summit on Nov. 16, in Antalya.
Photographer: OZAN KOSE/AFP/Getty ImagesThis article is for subscribers only.
European Union countries will probably extend Ukraine-related economic sanctions against Russia for another six months at the end of January despite improved cooperation in Syria, three European diplomats said.
Lack of progress in implementing this year’s Ukrainian peace accord means the trading bloc has no choice but to prolong the measures, diplomats from pro- and anti-sanctions nations said, speaking on condition of anonymity because the discussions are confidential. The EU’s 28 leaders are set to discuss the issue at a Dec. 17-18 summit, German Foreign Ministry chief spokesman Martin Schaefer told reporters in Berlin on Monday.