Trade, banks, energy, crypto—the EU keeps its full Russia economic sanctions wall standing to 2027

The European Union renewed its economic sanctions on Russia for another 12 months, to 31 July 2027, the Council of the EU said on 25 June. The decision keeps the bloc’s full economic regime against Moscow in place over the war on Ukraine. It follows the agreement EU leaders reached at their June summit.

What the renewed measures cover

The sanctions span trade, finance, energy, and dual-use technology, the Council said. They include the ban on importing or transferring Russian seaborne crude oil and certain petroleum products into the EU.

They also bar transactions with several Russian financial institutions and crypto service providers, including some based in third countries, and suspend the broadcasting licenses of several Kremlin-backed disinformation outlets in the EU. Other tools let the bloc counter attempts to circumvent the sanctions.

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Part of a wider sanctions push

The renewal builds on a regime that now spans 20 sanctions packages adopted since the February 2022 invasion. The bloc’s leaders had agreed to the 12-month extension at the European Council on 18–19 June, when one member state’s pro-Russian leader had vowed to veto the next batch.

EU leaders also called for swift adoption of a 21st sanctions package, aimed at further cutting Russia’s energy revenue, curbing its shadow fleet, and constraining its banks. The renewal lands as enforcement draws scrutiny elsewhere: Washington has removed a string of Russians, ships, and firms from its own blacklist in recent months, giving no public reason.

Alongside the economic measures, the EU keeps separate restrictions on occupied Crimea, including Sevastopol, and on the Russian-occupied parts of the Donetsk, Kherson, Luhansk, and Zaporizhzhia oblasts, plus asset freezes and travel bans on a broad list of individuals and entities.