EU Extends Penalties over Crimea Annexation
(MENAFN) The European Commission has decided to extend its sanctions against Russia until June 23, 2026, in reaction to the unlawful annexation of Crimea and the city of Sevastopol, the Commission declared on Monday.
As stated in the official announcement, member states of the EU are prohibited from importing goods originating from Crimea or Sevastopol.
These measures also limit the involvement of EU nationals and enterprises in any commercial activities connected to those territories.
Additionally, European businesses are not permitted to offer investment or banking services to Crimea and Sevastopol.
This includes the ban on exporting certain equipment and technologies relevant to transportation, communication, and energy-related industries.
Moreover, there is a strict prohibition on delivering technology and expert support connected to the exploration, extraction, and production of oil, natural gas, and mineral resources in the region.
The statement emphasized: "The EU does not recognize and continues to condemn the illegal annexation of Crimea and Sevastopol by the Russian Federation as a violation of international law."
Russia carried out the illegal annexation of the Autonomous Republic of Crimea and Sevastopol back in March 2014.
In response to this action, along with the conflict that erupted in eastern Ukraine, the European Union, the United States, and a number of other nations introduced sanctions targeting Moscow.
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