28 June 2019
- EU will remain committed to upholding Russia economic sanctions in coming year, despite reinstatement of PACE voting rights
- In longer term, EU governments will likely face increased pressure from businesses to ease some Russia sanctions to facilitate trade
- Sanctions will ensure Kremlin’s fiscal pressures continue in coming year, limiting ability to address concerns over falling living standards
The Parliamentary Assembly of the Council of Europe (PACE), an international body overseeing human rights, democracy and the rule of law, announced on 24 June that its 47 member states had voted to pass a bill that would reinstate Russia’s voting rights after a three year suspension. The announcement was heavily criticised by Ukrainian delegates, who boycotted the following assembly meeting in protest. Meanwhile, on 20 June the European Union (EU) voted unanimously to extend economic sanctions against Russia for a further six months until the end of January 2020. This followed a French and German report that cited Moscow’s repeated failure to implement the Minsk agreement, which calls for an immediate ceasefire in…
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