Russia’s war of aggression on Ukraine: EU renews economic sanctions
The Council of the European Union renewed on July 22 the EU restrictive measures in view of Russia’s continuing actions destabilising the situation in Ukraine for a further six months, until January 31 2025, a statement by the Council of the EU said.
These sanctions, first introduced in 2014, were significantly expanded since February 2022 in response to Russia’s unprovoked, unjustified and illegal military aggression against Ukraine, the statement said.
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 licences in the European Union of several Kremlin-backed disinformation outlets.
Additionally, specific measures enable the EU to counter sanctions circumvention.
“As long as the illegal actions by the Russian Federation continue to violate the prohibition on the use of force, which is a serious breach of obligations under international law, it is appropriate to maintain in force all the measures imposed by the EU and to take additional measures, if necessary,” the statement said.
(Photo: EC Audiovisual Service)
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