International sanctions during the Ukrainian crisis

Cost of Russian crisis continues to rise

Economic sanctions imposed by the Kremlin after Ankara shot down a Russian warplane last year have begun to take their toll on Turkey's economy, with the country's set to lost upwards of $8.3 billion in 2016After Turkey shot down a Russian war plane along the Syrian border on Nov. 24, 2015, the Russian administration decided on a series of economic sanctions against Turkey.

FM: We have no intention of joining anti-Russia sanctions

Serbia has no intention of joining the sanctions against Russia and we hope that they will be lifted as soon as possible, Ivica Dacic said on Monday.

Speaking in the Serbian National Assembly, where he presented a bill on international restriction measures, the foreign minister said that sanctions are not a way to solve political problems.

Hungary would veto EU's sanctions against Poland - PM

Hungarian Prime Minister Viktor Orban has announced that his country would veto any possible EU sanctions against Poland.

"The European Union should not think about applying any sort of sanctions against Poland, because that would require full unanimity and Hungary will never support any sort of sanctions against Poland," Orban said, according to Reuters.

EU prolongs Russia sanctions over Ukraine, Russia to introduce food embargo on Ukraine

The European Union agreed Dec. 21 to prolong damaging economic sanctions against Russia for its involvement in the Ukraine crisis for another six months amid sharp differences over relations with Moscow, while Russia will introduce a food embargo against Ukraine next month over Kiev's trade deal with the EU.

EU Ambassadors Agree to Extend Sanctions on Russia to end-July 2016

European Union envoys have agreed to extend the bloc's economic sanctions on Russia over the crisis in Ukraine by another six months until 31 July 2016, newswires reported on Friday.

The sanctions, which apply to Russia's oil, military and energy sectors as well as individuals linked to the Ukraine conflict, were to expire on 31 january next year  

German firms hurt by Russian sanctions against Turkey

German companies doing business in Russia have suffered collateral damage from Moscow's sanctions against Turkey, a business group said on Dec. 18.

The impact of sanctions on those companies has been "considerable," said the president of the German-Russian chamber of commerce, Rainer Seele.

"Two-thirds of them have been hit," he said.