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Woofun AI reports that the European Union has extended its comprehensive economic sanctions regime against Russia for another 12 months, lasting until July 31, 2027. This decision maintains the restrictive measures implemented since 2014 and intensified following the 2022 invasion of Ukraine.
The sanctions cover trade, finance, energy, and dual-use technologies, including bans on importing Russian crude oil by sea and restrictions on financial institutions and crypto service providers in Russia and third countries. The European Council stated it remains ready to introduce new measures if Russia continues aggressive actions, marking the continuation of the 20th round of sanctions.