The Council of the European Union extended economic sanctions against Russia for another six months, until January 31, 2025.
“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 appropriate to leave in force all measures introduced by the EU and take additional measures if necessary,” stated the official press release on the website of the Council of the European Union.
Sanctions imposed after February 24, 2022, were significantly expanded with the start of the full-scale invasion.
Since 2014, 14 tough packages of sanctions have been adopted “in response to Russia’s unprovoked, unjustified, and illegal military aggression against Ukraine.”
Restrictive measures apply to the fields of transport, industry, finance, trade, technology, and dual-use goods.
They also prohibit the import of marine crude oil and certain petroleum products from Russia to the EU. Individual restrictive measures have been implemented for a wide range of individuals and legal entities, including asset freezes and travel restrictions, as well as diplomatic measures. The latest package of sanctions focuses on countering the circumvention of restrictions.