There will be no indulgence: why Russia's economy will continue to suffer from war in Ukraine

Also in Europe again stated that they strongly condemn Russia's aggressive war against Ukraine. On July 20, the European Union Council gathered for a meeting, during which it was decided to continue for six months a sanction against individual sectors of the Russian economy, including oil embargo. This is stated in the EU Council. That is, international restrictions will now be valid until January 31, 2024.

There are sanctions that appeared in 2014, in response to the annexation of Crimea and ignition by Russia of war in the Ukrainian Donbass. The sanctions were expanded in February 2022, when Moscow launched a full -scale war against Ukraine.

Therefore, the EU Council again states that the Council again states that it is strongly condemned by Russia's aggressive war against Ukraine, which is a clear violation of the UN Charter, and reminds of the unchanged support of the European Union of Independence, Sovereignty and Territorial Integrity of Ukraine within its internationally recognized states. We will remind, on June 21 the Ambassadors of the European Union agreed the 11th package of sanctions against Russia.