European leaders have supported the extension of anti-Russian sanctions

German Chancellor Angela Merkel said that the restrictive measures against Russia should be extended due to lack of progress in resolving the situation in Ukraine and the implementation of the Minsk agreements, reports Reuters.

“To extend sanctions against Russia will be necessary, although we would like chelby progress has been great,” — said Merkel to reporters before a meeting with French President Francois Hollande.

That, in turn, supported the position of Chancellor. “The Minsk agreement must be fulfilled, and until that happens, the sanctions must be renewed”, — said the French leader.

1 July 2016 the European Union has once again extended sanctions against Russia. Their term expires on 31 January 2017. As he wrote to Bloomberg in late November, the restrictive measures in high probability will be extended, as the Minsk agreement, which is the main condition for their withdrawal, still have to be implemented.

Anti-sanctions were imposed by the EU in March 2014 after the annexation of Crimea to Russia. The sanctions include a ban on entering the EU for a number of Russian politicians and officials, the restriction on the raising funds in European markets for Russian financial institutions, as well as a ban on cooperation with Russian companies in the defense and energy sectors.