Council of Europe extends EU Economic Sanctions Against Russia Over Ongoing War in Ukraine

The Council of the European Union has today extended economic sanctions against Russia over the ongoing war in Ukraine for the next six months, until the end of January 2025.

This was reported by the press service of the EU Council. 

These are the sanctions restrictions first imposed by the EU in 2014 and the economic sanctions that have been added since February 2022 after the start of Russia's full-scale war against Ukraine. 

They currently consist of a wide range of sectoral measures, including restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods. They also include: a ban on the import or transfer of marine crude oil and certain petroleum products from Russia to the EU, de-SWIFT of several Russian banks, and suspension of the activities and broadcasting licences of several Kremlin banks in the European Union. supported sources of disinformation. In addition, specific measures allow the EU to counteract the circumvention of sanctions.

‘As long as Russia's unlawful actions continue to violate the principle of the prohibition of the use of force, which is a serious breach of its obligations under international law, it will be appropriate to maintain all measures applied by the EU and to take additional measures if necessary,’ the decision states. 

On 24 June, the EU Council adopted the 14th package of economic and individual restrictive measures against Russia, which for the first time since Russia's full-scale invasion of Ukraine includes sanctions against Russian gas, oil, individuals and legal entities, including singers, actors and other Russian propagandists who endorse and support Russia's war.