EU to Review Sanctions against Russia over crises in Ukraine

The European Union is to reconsider the economic sanctions it imposed on Russia over the crisis in Ukraine.

This review is currently in preparation and the document would be examined by the EU Permanent Representatives Committee, which will then decide what to do with the sanctions against Russia.

Analysts suggest that, EU officials may support a gradual easing of certain sanctions, and should the restrictions be lifted, it would happen in a manner, different from their introduction.

Following the reunification of Crimea with Russia, the West introduced several rounds of economic sanctions against Russia.

The latest round of restrictions complicated access to Western markets for a number of key Russian banks, oil and defense companies.

Moscow responded with issuing a one-year ban on the importation of certain food products, made in the European Union, the United States, Canada, Australia and Norway.

RIA NOVOSTI