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Permanent representatives of the 27 member states of the European Union agreed on a six-month extension of economic
sanctions against
Russia, which expire on January 31, 2021, a source in the delegation of one of the European countries in the
EU Council told TASS. Yes, the ambassadors have just agreed to extend the restrictive measures until July 31, 2021, the source said.
Meanwhile, the
Russia over the 2014 events in Ukraine cost the
EU economy €21 bln per year, the Dusseldorf Chamber of Commerce and Industry said in a statement on Wednesday. The
sanctions on
Russia cost the German economy €5.45 bln per year, and the European Union’s losses are estimated at €21 bln, Managing Director of the Dusseldorf Chamber of Commerce and Industry Gregor Berghausen said, commenting on research by the Munich-based Ifo Institute for Economic Research.
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