The European Union Council has announced an extension of its economic sanctions against Russia for an additional six months, now lasting until January 31, 2025.

The sanctions encompass a broad array of restrictive measures targeting various sectors including trade, finance, and transportation.

In a statement released on Monday, the EU Council reaffirmed its commitment to maintaining the sanctions in response to Russia's ongoing destabilizing actions in Ukraine. These measures, first implemented in 2014, were significantly broadened in February 2022 following Russia's escalated military aggression against Ukraine.

Among the key restrictions are a ban on importing and transporting crude oil and certain petroleum products from Russia to the EU. Additionally, several Russian banks have been disconnected from the SWIFT banking system, and there are limits on exporting technology and dual-use goods to Russia.

The sanctions also target the media landscape by suspending the activities and broadcasting licenses of several Kremlin-backed disinformation outlets within the EU. Furthermore, there are specific provisions in place to prevent the circumvention of these sanctions.

The EU Council's decision reflects a continued stance against Russia's actions and aims to further pressure the Russian government in the context of the ongoing conflict in Ukraine. (ILKHA)