The European Union (EU) has decided to extend the sanctions against Russia for one year due to the illegal annexation of Crimea and Sevastopol.
The European Council announced that the restrictive measures implemented by the EU due to Russia’s illegal annexation of Crimea and Sevastopol have been extended until 23 June 2022.
According to the decision, the activities of EU citizens and companies in the Crimea and Sevastopol regions are limited with the extended sanctions.
Import of products from Crimea and Sevastopol to EU countries is not allowed.
EU citizens or companies cannot invest and provide financial services in Crimea and Sevastopol.
Some products and technologies to be used in the transportation, telecommunications and energy sectors cannot be exported to these regions.
In particular, the provision of technology and technical support for oil, natural gas and mineral exploration, extraction and production is prevented.
RUSSIA HAS ILLEGAL ADDITION TO SIVASTOPOL
Russia illegally annexed the Autonomous Republic of Crimea and the city of Sevastopol in March 2014. After the annexation of Crimea by Russia and the events in eastern Ukraine, the EU, the USA and some countries began to impose sanctions on Russia.