The 27 extend economic sanctions against Russia until January 2026 for “destabilizing” Ukraine
Brussels – The Twenty-Seven have formalized this Monday the new six-month extension, until January 31, 2026, of the economic sanctions that the European Union imposes on Russia since its invasion of Crimea in 2014 and which it has maintained since then because the Kremlin “continues its actions to destabilize” Ukraine.
The European heads of state and government already gave the green light to the extension at last week’s summit, but the formal procedure was not completed until this Monday when the deadline given to countries to present objections was met without reservations.
The sanctions include sectoral measures such as trade restrictions and affect areas such as finance, technology and dual-use materials, industry, transport, and luxury goods.
There is also a ban on the import of Russian crude oil transported by sea and certain petroleum products, in addition to the removal of several Russian banks from the SWIFT system and the suspension of broadcasting activities and licenses in Europe for several Russian media linked to the Kremlin.
This package was adopted for the first time in July 2024 following the Russian invasion of Crimea and has been extended every six months since then. (May 30)
