14:23 Jun. 17, 2016
Restrictions against Russian-occupied peninsula are imposed until June 23, 2017
Russian-occupied Crimea will be staying under the European sanctions for another year. The European Union has approved the extension of the economic restrictions until June 23, 2017.
E.U. officials say, the sanctions have been imposed and prolonged in response to the illegal annexation of the peninsula by the Russian Federation. These measures prohibit any European investment in Crimea as well as trade cooperation.
European ships are also banned from entering local ports. According to Ukraine, the sanctions have caused irreparable harm to Crimean tourism, which was the main source of financial income for local authorities.
The E.U. and the West have cut off all connections to the peninsula after it was occupied by the Russian Federation in March 2014. Europe and America have said, Moscow's exit from Crimea is the only way for the sanctions to be lifted.