Brussels, [Current Date] – The European Council has chosen to extend its ranging sanctions, against Russia, for an additional six months due to the ongoing aggression and destabilizing actions by Russia in Ukraine. These measures, which were initiated in 2014 and amplified after Russia’s aggression in February 2022, will remain effective until January 31, 2025.
These sanctions are among the responses ever crafted by the EU. They cover sectors such as trade, finance, technology, dual use goods, industry, transport and luxury items. A key measure involves prohibiting the import or transfer of oil and specific petroleum products from Russia to the EU. This significantly impacts the revenue for funding military activities.
Financial Isolation and Media Restrictions
An aspect of the sanctions is isolating the economy financially. Several major Russian banks have been disconnected from the SWIFT payment system to disrupt transactions and economic stability, in Russia.
In addition, the European Union has taken action, against media outlets supported by the Kremlin that play a role in spreading information, suspending their broadcast licenses to limit the circulation of misleading narratives across Europe.
Moreover, the sanctions are crafted to be flexible and resilient against any attempts to evade them. Specific strategies have been implemented to detect and prevent any endeavors to work around the imposed limitations, ensuring that the sanctions remain effective over a period.
Continued Violations and International Law
The European Council has stressed that it is justifiable to uphold these sanctions as Russia persists in actions that violate international law, particularly regarding the prohibition on using force. These actions represent a breach of standards and responsibilities warranting an ongoing and possibly escalated response from the global community.
Historical. Broadening Measures
The initial set of sanctions began with Decision 2014/512/CFSP approved on July 31, 2014 in response to Russia’s actions in Ukraine, such as the annexation of Crimea. Over time, these measures have expanded to encompass a range. In addition to sector sanctions, the EU has imposed controls on economic dealings with Crimea, Sevastopol and areas in Ukraine’s Donetsk, Kherson, Luhansk and Zaporizhzhia regions not, under government control.
Sanctions, like freezing assets and imposing travel restrictions, have been enforced on various individuals and organizations connected to the actions.
Since February 24, 2022, the EU has implemented 14 sets of sanctions in response to Russia’s full-scale invasion of Ukraine. These actions are notably extensive and intense, reflecting the seriousness of the situation and the EU’s dedication to countering aggression.
EU’s Support for Ukraine
In its conclusions from June 27, 2024, the European Council reaffirmed its backing for Ukraine‘s independence, sovereignty and territorial integrity within recognized boundaries. The EU’s support encompasses financial, economic, humanitarian aid along with diplomatic assistance. The Council strongly condemned Russia’s escalated attacks targeting civilians and critical infrastructure like energy facilities.
The European Union’s choice to extend sanctions highlights its position against activities that threaten global peace and security. By prolonging these measures, the EU aims to maintain pressure on Russia while advocating for a resolution in line, with law.
