The EU Council extended economic sanctions against the Russian Federation for another 6 months
On Monday, January 29, the Council of the European Union extended sanctions against Russia for another 6 months until July 31, 2024.
As noted on the website of the Council of the EU, these restrictive measures were first introduced in 2014 in response to Russia’s occupation of the Ukrainian Crimea and parts of the Donetsk and Luhansk regions.
And since February 2022, since the beginning of the full-scale invasion of the Russian Federation, the sanctions have been significantly expanded.
What is known about sanctions against Russia
“Currently, the sanctions cover a wide range of sectoral measures, including restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods,” the statement said.
Sanctions also cover:
- a ban on the import or transfer of marine crude oil and certain petroleum products from Russia to the EU;
- suspension of SWIFT of several Russian banks;
- suspension of broadcasts and licenses of several Kremlin-backed disinformation channels.
In addition, specific measures were introduced to strengthen the EU’s ability to counter sanctions circumvention.
As long as the illegal actions of the Russian Federation continue to violate the prohibition on the use of force, which is a serious violation of obligations under international law, it is advisable to leave in force all measures introduced by the EU and take additional measures, if necessary, the message emphasizes.
