EU extends sanctions on Russia until end of July
14:47
The European Union has extended sanctions targeting certain sectors of the Russian Federation's economy in connection with its aggression against Ukraine by six months, until July 31, 2023.
The sanctions were first introduced in 2014 in response to Russia's actions destabilizing the situation in Ukraine. They have been significantly expanded since February 2022 in connection with Russia's unprovoked and unjustified military aggression against Ukraine.
They now include a broad spectrum of sectoral measures. They are restrictions on trade, finance, technology, dual-use goods, industry, transportation, and luxury goods. They also include a ban on the import or transfer of oil and certain petroleum products by sea from Russia to the EU. As part of the sanctions, the SWIFT of several Russian banks was removed, and the broadcasting activities and licenses of several Kremlin-backed disinformation centers were suspended.
