Though the EU has decided to prolong the economic sanctions imposed on the Crimean Peninsula and the city of Sevastopol, it will not influence businesses in Crimea, said Sevastopol Governor Sergei Menyailo.
“Extension of EU sanctions against Sevastopol will not worsen the situation or improve it. It’s a two-edged sword. Political leaders of several European states have already claimed that sanctions turned out to be more harmful for their own countries than Russia,” Menyailo said.
Despite sanctions, products of major Crimean companies are successfully making their way to the Russian market.
In July 2014 EU imposed sanctions against a number of the Crimean industries after the peninsula refused to recognize the February 2014 coup and voted in a referendum to rejoin Russia.
