The EU Council announced that the restrictive measures first imposed on Russia in 2014 due to its destabilizing actions in Ukraine have been extended until January 31, 2026.
The statement reminded that EU sanctions were significantly expanded following Russia’s attack on Ukraine in February 2022. The EU sanctions impose a wide range of restrictions on Russia, including trade, finance, energy including oil and coal, industry, technology, transportation, dual-use and luxury goods, and gold and diamonds.
The sanctions also include a ban on the import of seaborne crude oil and some petroleum products from Russia to the EU, the removal of some Russian banks from the international payment system SWIFT, and the suspension of the activities of many broadcasting organizations.
The EU has implemented 17 sanctions packages against Russia due to the war.
The EU’s economic sanctions against Russia are being extended every 6 months.
Russia illegally annexed the Autonomous Republic of Crimea and the city of Sevastopol on March 18, 2014. The EU first decided to impose economic sanctions on Russia in 2014.
UK’s new sanctions set is targeting Russia’s oil, military, financial networks
