The Council of the European Union (EU) has renewed its extensive economic sanctions against Russia for another six months, extending the bloc's restrictive measures until 31 July 2026.
The measures, which apply to entire sectors and were first introduced in 2014, were significantly expanded after February 2022. The sanctions include broad restrictions on trade, finance, energy, technology, dual-use goods, industry, transport and luxury goods, according to the Council statement.
They also include a ban on the import or transport of maritime oil and certain petroleum products from Russia to the EU, the removal of several Russian banks from the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, and the suspension of broadcasting activities and licences within the bloc for several Russian-backed media outlets accused of spreading disinformation. The EU has also taken targeted measures to prevent sanctions from being circumvented, the statement said.
The EU stated that these measures will remain in place as long as Russia's actions continue, adding that it may take further steps if necessary.
The statement also reaffirmed the EU's commitment to continue supporting Ukraine. Last week, the European Council approved a €90 billion (£70 billion) loan package to support Ukraine's military and economic needs over the next two years.
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