The EU has extended economic sanctions against Russia for another 6 months within the framework of the sanctions regime for Russia's aggressive war against Ukraine, the EU Council announced on December 22, UNN reports.
Today, the Council (EU) extended the EU's restrictive measures in view of the continuation of the Russian Federation's actions destabilizing the situation in Ukraine for another 6 months, until July 31, 2026.
As stated, these economic measures, introduced in 2014, have been significantly expanded since February 2022 in response to Russia's unprovoked, unjustified and illegal military aggression against Ukraine.
They currently consist of a wide range of sectoral measures, including restrictions on trade, finance, energy, technology and dual-use goods, industry, transport and luxury goods. They also cover: a ban on the import or transfer of seaborne oil and certain petroleum products from Russia to the EU, the disconnection of several Russian banks from SWIFT, and the suspension of operations and broadcasting licenses in the EU of several Kremlin-backed disinformation media outlets. In addition, specific measures allow the EU to counter sanctions circumvention.
Addition
In addition to economic sanctions against the Russian Federation, the EU has introduced various types of measures in response to Russia's destabilizing actions against Ukraine. These include: restrictions on economic relations with illegally annexed Crimea and the city of Sevastopol, as well as the non-government-controlled territories of Ukraine in the Donetsk, Kherson, Luhansk, and Zaporizhzhia regions; individual restrictive measures (asset freezes and travel restrictions) against a wide range of individuals and entities, as well as diplomatic measures.