European Union (EU) In a statement from the council, Russia It was reported that it was decided to extend the sanctions targeting the Turkish economy until July 31, 2022.
In the statement, it was stated that the decision to extend the sanctions was taken as a result of the final evaluation on the implementation of the Minsk agreements at the EU Leaders’ Summit on 16 December.
In accordance with the extended economic sanctions, EU member states do not sell weapons to Russia.
OIL AND NATURAL GAS RESTRICTION
The sanctions restrict Russia’s purchase of some sensitive technologies used in the oil and gas industries from EU countries. In addition, Russian public banks are excluded from the financial sector in Europe.
Sanctions are extended every 6 months. The current sanctions would expire on January 31, 2022.
IT STARTED AFTER THE EVENTS IN UKRAINE
Russia illegally annexed the Autonomous Republic of Crimea and the city of Sevastopol on March 18, 2014. After the annexation of Crimea by Russia and the events in eastern Ukraine, the EU, the USA and some countries began to impose economic sanctions on Russia. The EU first took the decision to impose economic sanctions on Russia in 2014.
Apart from economic sanctions, the EU also has diplomatic measures against Russia, individual sanctions such as travel bans targeting individuals and freezing of assets.