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On the 21st local time, after lengthy negotiations, EU member states reached an agreement on extending sanctions against Russia, agreeing to extend the relevant sanctions for three years. According to the agreement, the EU will extend the sanctions against more than 3,000 Russian individuals and entities for 36 months, while removing two Russian entrepreneurs from the sanctions list. The sanctions have been extended for significantly longer than the previous renewal schedule, which was usually 6 or 12 months. By extending the sanctions period, the EU hopes to avoid another impasse over the renewal of sanctions in the future due to differences in the positions of member states.
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On the 21st local time, after lengthy negotiations, EU member states reached an agreement on extending sanctions against Russia, agreeing to extend the relevant sanctions for three years. According to the agreement, the EU will extend the sanctions against more than 3,000 Russian individuals and entities for 36 months, while removing two Russian entrepreneurs from the sanctions list. The sanctions have been extended for significantly longer than the previous renewal schedule, which was usually 6 or 12 months. By extending the sanctions period, the EU hopes to avoid another impasse over the renewal of sanctions in the future due to differences in the positions of member states.
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