The EU Extended the Anti-Russian Sanctions for Another 6 Months

The Council of the European Union extended the sanctions against Russia for another six months, until January 31, 2025.

Sanctions currently include, among other things, measures against Russian economic sectors, a ban on the import of crude oil transported by sea from Russia to the EU, and the suspension of licenses for several Kremlin-sponsored disinformation outlets in the EU.

We remind you that since February 24, 2022, the European Union has adopted 14 packages of sanctions against Russia in response to the start of the war in Ukraine. These sanctions target high-value sectors of the Russian economy, such as energy, finance, and trade. According to the statement published on the official website of the Council of Europe, the adopted measures will make it even more difficult for Russia to bypass EU sanctions.

The sanctions package includes restrictive measures against an additional 116 individuals and legal entities responsible for activities that undermine the territorial integrity, sovereignty, and independence of Ukraine. The receipt of Russian funding by parties, foundations, non-governmental organizations, or media is also restricted; The use of the Russian counterpart of SWIFT, the Central Bank of Russia’s “Financial Message Transfer System” (SPFS), is prohibited.