EU Sanctions on Russia
Background
Since the start of Russia's full-scale invasion of Ukraine on 24 February 2022, the European Union (EU) has progressively intensified its sanctions on Russia in response to its illegal and unprovoked aggression.
Key Measures
The EU's sanctions target individuals, entities, and sectors related to the Russian government, military, and economy. They include:
- Asset freezes
- Travel bans
- Restrictions on trade in certain goods and technologies
- Financial sanctions, including the exclusion of Russian banks from the SWIFT system
The EU has also imposed sanctions on Belarus for its support of Russia's invasion.
Impact
The EU's sanctions have had a significant impact on the Russian economy. They have led to a sharp decline in the value of the ruble, a reduction in foreign investment, and increased inflation. The sanctions have also disrupted trade between Russia and the EU.
EU Response
The EU has stated that it will continue to impose sanctions on Russia until it withdraws from Ukraine and respects its territorial integrity. The EU is also coordinating its sanctions with other international partners, including the United States, Canada, and Japan.
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