Friday, January 27, 2023

Council of the EU : 27/01/2023 12:39 | Press release | Russia: EU prolongs economic sanctions over Russia’s military aggression against Ukraine

 

 Council of the EU
27/01/2023 12:39 | Press release |

Russia: EU prolongs economic sanctions over Russia’s military aggression against Ukraine

 

The Council today decided to prolong by six months, until 31 July 2023, the restrictive measures targeting specific sectors of the economy of the Russian Federation.

These sanctions, first introduced in 2014 in response to Russia's actions destabilising the situation in Ukraine, were significantly expanded since February 2022, in light of Russia’s unprovoked and unjustified military aggression against Ukraine.

They currently consist of a broad spectrum of sectoral measures, including restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods. They also cover: a ban on the import or transfer of seaborne crude oil and certain petroleum products from Russia to the EU, a de-SWIFTing of several Russian banks, and the suspension of the broadcasting activities and licenses of several Kremlin-backed disinformation outlets.

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