The EU decided to extend its sanctions against Russia for another six months until July 31, 2016. Besides political setback, there are tremendous economic damages both for European and Russian business. Still questions remain concerning sanctions’ effects and perspectives.
The Baltic Course: EU sanctions against Russia renewed – pros and cons for business and Baltics economy
(L to R) the CEO of Svenska Kraftnaet Mikael Odenberg, Minister of Energy of Lithuania Rokas Masiulis, the European Commission's Directorate-General for Energy Dominique Ristori, Lithuanian Prime Minister Algirdas Butkevicius, CEO of energy supplier PSE Henryk Majchrzak and CEO of Litgrid Daivis Virbickas attend the press conference after the official opening ceremony of the activated energy links of LitPol Link and NordBalt in the Grand Dukes' Palace in Vilnius on Dec. 14.
