11:09 | 04/12/2015 Global Economy
Spain’s foreign minister has said the European Union will likely extend its economic sanctions imposed on Russia for another six months.
(L to R) Italian Prime Minister Matteo Renzi, German Chancellor Angela Merkel, US President Barack Obama, British Prime Minister David Cameron and French Foreign Minister Laurent Fabius attend a meeting on the sidelines of the G20 Summit in Antalya, Turkey - (AFP Photo)
Jose Manuel Garcia-Margallo said on Wednesday that EU members have reached a general consensus on the decision, which came about due to non-compliance with the Minsk agreement.
However, a specific date to announce the extension was not mentioned.
During a brief meeting on the sidelines of the G20 Summit in Antalya, Turkey on November 16, leaders of Italy, the US, the UK, Germany, and France agreed to maintain pressure on Russia until July next year./.