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EU Extends Russia Sanctions and Moves on Grabbing Over $4 Billion

The EU has extended for another year sanctions imposed on Russia in connection with the conflict in Ukraine, according to a European Council decision published on its website yesterday. The restrictions will be up for renewal again in February 2025. The extension decision states, as quoted by RT: “As long as the Russian Federation’s illegal actions continue to violate the prohibition on the use of force, which is a serious breach of international law, it is appropriate to maintain in force all the measures currently imposed by the Union and to take additional measures, if necessary.”

Brussels has placed 12 rounds of restrictions on Russia since the start of the Ukraine conflict in February 2022 and is currently completing another package. The existing restrictions already target a broad range of sectors and include trade embargoes, travel bans, and individual sanctions against Russian businessmen and public officials.

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