EU extends sanctions against Ukrainian ex-officials

6 March 2015 09:04
(QHA) -

The European Union has revised and extended the restrictive measures against former president of Ukraine Viktor Yanukovych and former senior officials of his regime.The Council of the EU has made this decision on Thursday, official text of the decision of the will be released today.

"The Council has extended EU restrictive measures focused on freezing and recovery of misappropriated Ukrainian state funds. The measures consist in an asset freeze on persons subject to initial investigations on the embezzlement of Ukrainian state funds, including former President Viktor Yanukovych," the statement reads.

The Council specifies that the sanctions were adjusted, taking into account the progress in judicial proceedings.

Meanwhile, U.S. President Barack Obama ordered a one-year extension of visa bans and asset freezes imposed on Russian government officials and others involved in the crisis in Ukraine. 

The sanctions imposed in an executive order last March remain necessary because the Russian government’s actions “including its purported annexation of Crimea and its use of force in Ukraine, continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States,” Obama said in a notice to Congress published by the White House on Wednesday.