Further to our blog post earlier today, the President of the European Council, Herman Van Rompuy, has issued a statement confirming that a further round of economic sanctions against Russia have been adopted by the European Council today and will come into force in the next few days when published in the Official Journal. According to the statement, “this will leave time for an assessment of the implementation of the cease-fire agreement and the peace plan.” This statement expressly provides that the EU “stands ready to review the agreed sanctions in whole or in part”, depending on the situation on the ground.
We will provide a further update once these measures are published in the Official Journal.
