EU Council extends sanctions against Russia for half a year

January 27, 2023

On Friday, January 27, the EU Council extended for six months, until July 31, 2023, restrictive measures against certain sectors of the Russian economy.

In a press release from the Council of the EU, it is noted that these sanctions, first introduced in 2014 in response to Russian actions destabilizing the situation in Ukraine, have been significantly expanded since February 2022 due to Russian military aggression against Ukraine.

“They currently consist of a wide range of sectoral measures, including restrictions on finance, energy, technology and dual-use goods, industry, transport and luxury goods”,- the report explains.