EU prolongs sanctions on Russia for six months

On September 12, the Council of the EU resolved to extend the sanctions against individuals or entities undermining or threatening Ukraine's territorial integrity, sovereignty, and independence for an additional six months, until March 15, 2025.

The existing restrictive measures provide for travel restrictions for natural persons, the freezing of assets, and a ban on making funds or other economic resources available to the listed individuals and entities, Caliber.Az reports, citing the Council of the EU.

Sanctions will continue to apply to over 2,200 individuals and entities, many of which are targeted in response to Russia’s ongoing war in Ukraine.

In the context of the sanctions' review, the Council also decided not to renew the listings of two individuals and remove five deceased persons from the list.

“After 24 February 2022, in response to Russia’s military aggression against Ukraine, the EU massively expanded sanctions against Russia with the aim of significantly weakening Russia's economic base, depriving it of critical technologies and markets, and significantly curtailing its ability to wage war,” the statement says.

On 27 June 2024, the European Council adopted conclusions reaffirming its support for Ukraine’s independence, sovereignty, and territorial integrity within its internationally recognised borders. The EU committed to providing continued political, financial, economic, humanitarian, military, and diplomatic support to Ukraine and its people. This support will be sustained for as long as necessary and with the intensity required. The Council stated that Russia must not prevail.

The European Council also called for the full and effective enforcement of sanctions, as well as for further measures to counter their circumvention, and stated that the EU remains ready to further limit Russia’s ability to wage war.