“These economic measures, first introduced in 2014, have been significantly expanded since February 2022”, – WRITE: www.radiosvoboda.org
According to the EU Council press service, these economic measures, first introduced in 2014, were significantly expanded since February 2022 in response to the unfair and illegal military aggression of Russia against Ukraine.
Sanctions currently provide for trade restrictions, finances, energy, double -use technologies and goods, industry, transport and luxury. They also cover: a ban on the import or transmission of raw oil and certain petroleum products from Russia to the EU, the prohibition of SWIFT system for several Russian banks, and the suspension of several EU broadcasting in the Kremlin by the Kremlin misinformation media. In addition, specific measures allow the EU to counteract the bypass of sanctions.
The EU considers it advisable to keep all the measures implemented by the EU and take additional measures, if necessary, as long as the Russian Federation continues to violate the fundamental rules of international law, including a ban on the use of force.
Also read: It became known how long Slovakia can block the 18th Package Against Russia
On June 26, at the EU summit, the leaders of the Member States gave political consent to continue the sanctions already imposed against Russia. However, the approval of new ones – that is, the 18 package proposed by the European Commission – was blocked by Slovakia. New restrictions relate to Russia’s energy and banking sectors.