EU extends sanctions against Russia

In the statement made by the European Council, it was informed that the sanctions, which were initiated in 2014 due to Russia’s actions towards the destabilization of Ukraine, have been extended until 31 January 2024.

EU sanctions were extended in February 2022 after Russia’s attack on Ukraine.

Sanctions against Russia continue across a wide spectrum, including trade, finance, industry, technology, transportation, dual-use and luxury goods.

The ban on the import of crude oil and some petroleum products from Russia to the EU, the exclusion of some Russian banks from the international payment system SWIFT, and the suspension of the activities of many broadcasting organizations are among the sanctions.

The duration of the EU’s economic sanctions against Russia is extended every 6 months. Russia illegally annexed the Autonomous Republic of Crimea and the city of Sevastopol on March 18, 2014. The EU first took the decision to impose economic sanctions on Russia in 2014.