"The decision to prolong sanctions till January, 2016 was ratified by the Committee of Permanent Representatives of Member States of the EU," said the source Wednesday.
The EU Council did not discuss the issue of tightening economic sanctions, added the source. The six-month extension is expected to be unanimously ratified at the foreign ministers meeting in Luxembourg on Monday.
The EU summit in March adopted a declaration of intent to prolong the economic sanctions against Russia, but no formal decision had been made.
Ruble starts falling vs. US dollar and Euro https://t.co/K7zH7H1Co1— *Russian Market (@russian_market) June 17, 2015The EU's decision to prolong sanctions against the Russian Federation was expected; nothing will change in relations between Moscow and Brussels, said the Chairman of the Council on Foreign and Defense Policy Fyodor Lukyanov.
"It seems to me that even if Moscow had any hopes the EU would change its stance after signing ... the Minsk Agreement a few months ago then it became clear that there is nothing to be expected. Therefore, there will be no disappointment," he said.















Comment: Extending sanctions will only play into Russia's favor, as it will continue to develop it's domestic manufacturing and agricultural sectors. They also give the Russian people another rallying point to support Putin's policies.