EU Council extends sectoral sanctions against Russia until 2023

The European Union once again approved a six-month extension of sanctions,first introduced in 2014 and greatly expanded after February 2022

The EU Council has extended sanctions against RUSSIA imposed in connection with the situation in Ukraine for another six months, according to a press release from the Council.

“The EU Council today decided to extend for six months, until January 31, 2023, the restrictive measures applied against certain sectors of the Russian economy,” the document says.

The sanctions in question were first introduced on July 31, 2014 for a year in connection with the situation in Ukraine. The EU Council noted that the restrictions have been significantly expanded since February 2022 after the outbreak of hostilities.

“At present, they (sanctions. ) consist of a wide range of sectoral measures, including restrictions on finance, energy, technologies and dual-use goods, industry, transport and luxury goods,” the release notes.

Lavrov said that Russia is not asking for the lifting of sanctions Politics

The decision to extend sanctions is made by the EU every six months since the restrictions were introduced. These restrictions close access to the primary and secondary EU capital markets for some Russian banks and companies, prohibit the import and EXPORT of military equipment. The ban also applies to dual-use goods, that is, those that can be used for military purposes. In addition, Russia has limited access to sensitive technologies, including in the oil industry. After February 2022, the sanctions lists were expanded, and restrictions on certain groups of goods and resources were added to the number of sanctions measures. In total, the European Union has already adopted seven packages of anti-Russian sanctions, the last of which was approved on July 22.

In response to EU sanctions and US restrictions imposed at the same time , Russia introduced a food embargo in 2014, a ban on the supply of certain categories of food products.

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