MOSCOW (Sputnik) — The sanctions include limited access to EU capital markets for a number of Russian financial institutions, as well as energy and defense companies, a ban on arms trade, and limited access for Russia to certain oil production technologies.
"On 1 July 2016, the Council prolonged the economic sanctions targeting specific sectors of the Russian economy until 31 January 2017," the Council said in a press statement.
Washington and Brussels imposed sanctions against Russian individuals and the Russian defense, energy and banking sectors in July 2014. Russia responded by introducing a year-long food embargo on imports from the United States, the European Union and other countries that targeted Russia, subsequently extending the current embargo until August 5, 2016.