The European Council announced today that it has renewed the European Union's sanctions against Russia for 12 months, given the "continued actions of the Russian Federation that destabilize the situation in Ukraine."
In a statement published on the European Council's website, it is stated that the renewed EU sanctions against Russia are in force until July 31, 2027.
The decision was made after the European Council meeting on June 18 and 19, during which EU leaders agreed to extend economic sanctions against Russia for 12 months.
"These economic measures, first introduced in 2014, have been significantly expanded since February 2022 in response to Russia's unprovoked, unjustified, and illegal military aggression against Ukraine," the European Council statement said.
The existing measures cover key sectors, including trade, finance, energy, and dual-use technology.
They also include a ban on the import or transfer of crude oil and certain petroleum products transported by sea from Russia to the EU, a ban on transactions for several financial institutions and crypto service providers in Russia and third countries, and the suspension of broadcasting and licenses in the European Union for several Kremlin-backed disinformation media outlets.
In addition, specific measures allow the EU to counter the circumvention of sanctions.
"The EU will keep the current measures in place and is ready to take additional measures as long as the Russian Federation continues its illegal actions and violations of fundamental rules of international law, including, in particular, the prohibition on the use of force," the statement concludes.
