On Monday, the Member States of the European Union officially extended the sanctions imposed on Russia for its invasion of Ukraine for another six months, ie until 31 January 2026.
In its statement, the Council of the European Union stated that the first time of economic sanctions against Russia was raised in 2014 and then significantly widespread in February 2022 for unrelated, unauthorized and illegal military aggression against Ukraine.
Extent of sanctions
EU sanctions are currently consisting of a wide range of sectoral measures, among other things, restrictions on trade, finance, energy, technology and goods of double use, industry, transport or luxury goods.
Brussels also banned the import or transport of oil and certain oil products from Russia to the EU, excluded several Russian banks from the international SWIFT payment system and suspended the broadcasting of several media, which it describes as the disinformation channels supported by the Kremlin. In addition, special measures are introduced to allow the EU to cope with the circumvention of sanctions.
Maintaining measures
“If the Russian Federation continues to violate the fundamental rules of international law by its unlawful conduct, including the ban on the use of strength, it is advisable to leave all the measures imposed on the EU and, if necessary, take further measures,” said the EU Council – a body that associates ministers of the Government of the Member States.
Member States have adopted 17 packages of anti -Russian sanctions since the beginning of the Russian invasion of Ukraine. The last one, which tightens the restrictions against the so -called. The shadow fleet of ships, which Moscow uses for the transport of oil and oil products, was adopted in May.
New sanction package
18. The penalty package was presented by the European Commission on 10 June, according to her, to affect Moscow’s income from energy and military industry. It also proposes to reduce the price ceiling to Russian oil and disable trading with the Nord Stream 1 and 2 AS gas pipelines involved in the circumvention of sanctions. Slovakia and Hungary are currently building against its acceptance.
“The European Union continues to be ready to increase pressure on Russia, even by accepting further sanctions,” the EU Council said.
