The Council of the European Union extended sanctions against Russia for the war in Ukraine until July 31, 2024.
Economic restrictions consist of a wide range of sectoral measures. Sanctions restrict trade, finance, technology and dual-use goods, industry, transportation and luxury goods.
The sanctions also include: a ban on the import or transfer by sea of crude oil and certain petroleum products from Russia to the EU; disconnection of a number of Russian banks from the SWIFT system; suspension of broadcasts and licenses of several Kremlin media. In addition, measures were introduced to strengthen the EUʼs ability to counter sanctions circumvention.
Hundreds of citizens, officials, propagandists, companies and organizations are under sanctions.
- For the first time, sanctions against Russia were introduced on July 31, 2014 for a period of one year. This was a response to the annexation of Crimea and the occupation of Donbas. From February 2022, after the start of a full-scale invasion, they were greatly expanded. Since then, the EU has introduced 12 packages of sanctions.