Economics
EU Extends Russia Sanctions to July Amid Fragile Ukraine Peace
- Penalties were scheduled to expire at end of January 2016
- Russia describes EU's actions as a `short-sighted game'
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The European Union renewed economic sanctions on Russia for another six months as questions remained over the implementation of Ukraine’s peace plan.
The penalties, which EU leaders agreed should remain in place as long as Russia fails to honor in full the cease-fire deal agreed in Minsk in February, will now expire on July 31 unless they are renewed again. They had been scheduled to lapse on Jan. 31.