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București
joi, 5 august 2021 - 2:21

The EU will adopt new sanctions against Crimea

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The sanctions will target the prohibition for EU citizens to purchase or finance companies in Crimea

Photo: © Europen Parliament/P.Naj-Olearipietro.naj-oleari@europarl.europa.eu

The European Union has agreed to tighten sanctions on Crimean investments in order to target Russian oil and gas exploitation activities in the Black Sea and will adopt these measures at the European Council this week, stated Reuters on Wednesday, quoting European sources. 

As the British news agency announced on the 10th of December, the sanctions will be in regard to the prohibition for EU citizens to purchase or finance companies in Crimea, a region of Ukraine which was annexed by Russia in March, followed by a strain of the Eastern-Western relations, unprecedented since the end of the Cold War.