The European Union has extended economic sanctions against Russia, which were introduced in response to aggression in Ukraine. They will be in effect for at least another six months.
This is reported by the European Council.
Today, July 20, the EU Council decided to extend sanctions against the Russian Federation for another six months, i.e. until January 31, 2024.
European sanctions against the Russian Federation include restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods.
They also provide for a ban on the import and transportation of crude oil transported by sea and some oil products from Russia to the EU, the disconnection of several Russian banks from SWIFT, as well as the termination of the activity of pro-Kremlin media in the EU.
When sanctions were introduced
For the first time, EU sanctions against Russia were introduced in 2014 for destabilizing the situation in Ukraine. From February 24, 2022, the sanctions were significantly expanded. The EU has already adopted 11 packages of restrictions in response to the armed aggression of the Russian Federation against Ukraine.
It is worth noting that sanctions are imposed both against specific individuals and against state and private companies from the Russian Federation.
As reported, today Britain introduced sanctions against the Russians, who are connected with the "Wagner" PMC.
