Crimean sanctions

The Russian military intervention in Ukraine, which began in late February 2014, prompted a number of governments to apply sanctions against individuals, businesses and officials from Russia and Ukraine. Sanctions were approved by the United States, the European Union (EU) and other countries and international organisations. Russia has responded with sanctions against a number of countries, including a total ban on food imports from the EU, United States, Norway, Canada and Australia.

The sanctions contributed to the collapse of the Russian ruble and the Russian financial crisis (2014–present). They also caused economic damage to a number of EU countries, with the total losses estimated at €100 billion (as of 2015).

According to Ukrainian officials, the sanctions forced Russia to change its approach towards Ukraine and undermined the Russian military advances in the region. Representatives of these countries say that they will lift sanctions against Russia only after Moscow fulfills the Minsk II agreements.

In response to the annexation of Crimea by the Russian Federation, some governments and international organisations, led by the United States and European Union, imposed sanctions on Russian individuals and businesses. As the unrest expanded into other parts of eastern Ukraine, and later escalated into the ongoing war in the Donbass region, the scope of the sanctions increased. The Russian government responded in kind, with sanctions against some Canadian and American individuals and, in August 2014, with a total ban on food imports from the European Union, United States, Norway, Canada and Australia.

...
Wikipedia