The Council of the EU (European Union) renewed on Monday (22) the broad economic sanctions imposed against Russia for another six months, extending the bloc’s restrictive measures until July 31, 2026.
The measures, which cover several sectors and were initially imposed in 2014, were significantly expanded after February 2022.
The sanctions include broad restrictions on trade, finance, energy, technology and dual-use goods, industry, transport and luxury goods, according to a Council statement.
The measures also cover a ban on the import or maritime transfer of crude oil and certain petroleum products from Russia to the EU, the exclusion of several Russian banks from the SWIFT (Society for Worldwide Interbank Financial Telecommunications) system and the suspension of broadcasting activities and licenses in the bloc for several Russian-backed media outlets accused of spreading disinformation.
The EU has also adopted specific measures to prevent evasion, according to the statement.
The alliance said it would keep the measures in place as long as Russia’s actions continued, adding that it could impose additional measures if necessary.
The statement also reaffirmed the European Union’s commitment to providing continued support to Ukraine.
Last week, the European Council approved a package worth around R$592 billion to support Ukraine’s military and economic needs over the next two years.
