The European Union has agreed to extend the economic restrictive measures against Russia for another six months, until July 31, 2025. This was announced by the Vice-President of the European Commission and the High Representative of the EU, Kaja Kallas, on the social network X.
"EU foreign ministers have just agreed to extend sanctions against Russia once again. This will continue to deprive Moscow of the revenue needed to finance its war," Kallas emphasized.
The EU's High Representative added that Russia must pay for the damage it causes.
As stated in a statement from the EU Council, the economic restrictive measures against Russia will be extended until July 31, 2025.
"It is prudent to keep all EU measures in place as long as Russia's unlawful actions continue to violate the prohibition on the use of force," the statement notes.
These economic measures were first introduced in 2014 and significantly expanded after February 2022 in response to Russia's unprovoked, unjustified, and illegal military aggression against Ukraine.
The sanctions consist of a wide range of sectoral measures, including restrictions on trade, finance, energy, technology, dual-use goods, industry, transport, and luxury items.
Additionally, the sanctions include a ban on the import or transportation of seaborne crude oil and specific petroleum products from Russia to the European Union, the disconnection of several Russian banks from SWIFT, and the suspension of activities and broadcasting licenses in the EU for several Kremlin disinformation outlets.
Furthermore, specific measures allow the EU to counteract sanction evasion.
Sanctions Against Russia - Latest News
As reported by UNIAN, on December 16, the European Council approved the 15th package of economic and individual sanctions aimed at further limiting Russia's ability to conduct its illegal, unprovoked, and unjustified aggressive war against Ukraine. These sanctions target the shadow fleet of Russian dictator Vladimir Putin and aim to weaken the Russian military and defense complex.
At the same time, the EU is already preparing to introduce a new sanctions package. The European Commission intends to propose a ban on the import of Russian primary aluminum.