Kremlin Slams 'Illegal' Extension of EU Sanctions on Russia, Vows Response

© Sputnik / Yury Artamonov / Go to the mediabankState History Museum and Moscow Kremlin
State History Museum and Moscow Kremlin - Sputnik International
Moscow considers the European Union’s extension of sanctions against Russia to be unfounded and illegal, but will respond to them in kind, Kremlin spokesman Dmitry Peskov said Monday.

Moscow hopes that while the European Union reviews possible new sanctions against Russia next week that “common sense will prevail.” - Sputnik International
EU Extends Economic Sanctions Against Russia Until February 2016
MOSCOW (Sputnik) – Earlier on Monday, the European Union decided to extend sanctions against Russia until January 31, 2016.

“Russia, naturally, considers these sanctions to be unfounded and illegal, and we have never been the instigators of sanction measures,” Peskov told journalists.

Peskov said that Russia would respond by extending measures against the European Union, which include the foodstuffs' imports from Europe to Russia.

The Kremlin spokesman said that the restrictive measures “undermine the interests not only of those participants in economic activity in [Russia], but also the interests of taxpayers in European governments.”

Economic measures targeting Russia’s banking, energy and defense industries were introduced by the European Union, the United States and their allies in 2014.

An Austrian Institute of Economic Research study published late last week estimated that anti-Russia sanctions could cost the EU up to $114 billion and affect over 2 million of the bloc's jobs.

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