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EU Council Extends Full Economic Sanctions Against Russia Until July 2027

European Union member states agreed to extend the bloc's sanctions regime against Russia for an unprecedented three years, securing the deal by conceding to demands to remove Alisher Usmanov and Mikhail Fridman from the restricted list.

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The European Union has secured a three-year extension of its sanctions regime against Russia.From: EU Secures Three-Year Russia Sanctions Extension in Exchange for Delisting Two Billionaires

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Key numbers

12 months
New sanctions renewal period
20
Sanctions packages adopted since 2022
July 2027
New expiration date for restrictions

From: EU Council Extends Full Economic Sanctions Against Russia Until July 2027

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The new agreement replaces the vulnerable six-month renewal cycle with a framework locked in until 2029.From: EU Secures Three-Year Russia Sanctions Extension in Exchange for Delisting Two Billionaires ·
The EU has shifted its sanctions renewal cycle from six months to a full year.From: EU Council Extends Full Economic Sanctions Against Russia Until July 2027 ·
The EU has adopted 20 distinct sanctions packages since the full-scale invasion of Ukraine began.From: EU Council Extends Full Economic Sanctions Against Russia Until July 2027 ·
The unanimous consent requirement forced negotiators to accept the delistings to save the broader sanctions package.From: EU Secures Three-Year Russia Sanctions Extension in Exchange for Delisting Two Billionaires ·
EU leaders agreed to the 12-month extension during a summit on June 18 and 19.From: EU Council Extends Full Economic Sanctions Against Russia Until July 2027 ·