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EU sanctions imposed on Russia for its aggression in Ukraine will continue to apply until the Kremlin contains an illegally annexed Crimea and puts an end to hostilities in Donbass where people perish.
Czech Foreign Minister Tomas Petršicek in his article on "The European Truth".
Read also: What sanctions against Russia are being prepared in the European Union and the United States?
We know that it is important for Ukraine to maintain the sanctions of the European Union. Union against Russia. Therefore, I would like to stress that their suppression or annulment by the Czech Republic is only possible if the causes that led to their imposition disappear
– said the diplomat.
The lifting of these restrictions in Russia will only be possible if "when Ukrainian sovereignty is restored in the eastern part of the country and in the Crimean peninsula."
The Minister stressed that the Czech would not accept the fact that people are dying every day in the Donbass and that the civilian population is suffering unjustifiably in the occupied territories.
Read also: What sanctions will bring about the fall of Russia: the opinion of a military expert
When were the EU sanctions imposed against Russia For the first time the EU imposed sanctions on the Kremlin in 2014 due to the aggression committed in Crimea and Donbass. Since then, restrictions have persisted because of Moscow's reluctance to begin offshoring the situation.
On December 13, the EU continued its economic sanctions against Russia. The President of the European Council, Donald Tusk, said that the EU has not seen any progress on the Minsk agreements.
Who is on the list of sanctions imposed by the EU? More than 200 Russian citizens and organizations engaged in various activities in occupied Crimea and the so-called unrecognized republics of the DPR and NRL are subject to EU restrictions.
] Economic sanctions imposed on the EU include: The restriction of access to primary and secondary market capital of the EU for five banks of the EU. Russian state and their subsidiaries, as well as for three major Russian energy companies and three defense companies; prohibition of the arms trade (import and export); prohibition to provide Russia with dual-use goods for the armed forces of the Russian Federation; limitation of RF access to strategic technologies and services in the field of oil production.
How much did Russia lose due to sanctions? The losses resulting from sanctions against Moscow represent 5% of Russia 's GDP, or about 50 billion dollars.
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