The Council of the European Union extended economic sanctions…
The Council of the European Union extended economic sanctions against Russia for another year. This marks the first time the EU Council has extended sanctions against Russia for a full year at once.
Consensus
- The European Union extended economic sanctions against Russia until July 31, 2027
- The sanctions were first imposed in 2014 and significantly expanded after February 2022
- The sanctions cover trade, finance, energy, and dual-use technologies
- Sanctions include restrictions on Russian oil imports and financial institutions
Points of divergence
- The UK expanded its sanctions list against Russia on June 16, adding 32 legal and 11 physical persons, including subsidiaries of Yandex and Wildberries — kommersant
- The EU announced its 21st package of sanctions against Russia, targeting banks, arms manufacturers, oil traders, refineries, and crypto operators in third countries — kommersant
- Canada expanded its sanctions list against Russia with seven physical persons and 34 legal entities, including Moscow Exchange and Saint Petersburg Exchange — kommersant
- The sanctions were extended for a full year for the first time, rather than the previous six-month intervals — fontanka
Coverage (2 sources)
- EU Council extends economic sanctions against Russia for one year — Коммерсантъ
- EU Council extends sanctions against Russia for a full year for the first time — Фонтанка