The European Union formally extended economic sectoral sanctions against Russia until January 31, 2017, the EU Council said in an official statement on Friday.


The decision will officially come into force on July 2 after publication in the official journal of the EU.


The “Council prolonged the economic sanctions targeting specific sectors of the Russian economy until 31 January 2017,” the statement says.


The decision is purely technical; the political decision to prolong sanctions was made on June 21 at the EU Permanent Representatives Committee (COREPER) meeting.


The EU plans to hold a detailed discussion on relations with Russia and its sanctions against it this fall.