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EU extends sanctions on individuals linked to Russia's war in Ukraine
Published by Global Banking & Finance Review®
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
The EU extends sanctions on individuals linked to Russia's Ukraine war for six more months, maintaining pressure on Moscow.
BRUSSELS (Reuters) -The European Union's member states agreed on Friday to extend sanctions on individuals related to Russia's war in Ukraine for another six months, Denmark acting as holder of the bloc's rotating presidency said in a post on X.
EU has listed over 2,500 entities and individuals as part of its Russia sanctions, which freezes bank accounts and bans travel into the EU. The rollover has sometimes been a fraught process with Hungary frequently making demands for delistings. In this instance, there were no political delistings, diplomats said.
Member states must unanimously agree to renew sanctions every six months. The EU uses two main sanctions frameworks against Moscow: one which targets a list of people and companies, and another comprising measures against sectors, such as a price cap on Russia's oil and the immobilisation of its central bank's assets.
(Reporting by Andrew Gray and Julia Payne; Editing by Benoit Van Overstraeten and Peter Graff)
Freezing bank accounts is a measure used in sanctions to prevent individuals or entities from accessing their funds, thereby limiting their ability to conduct financial transactions and exert influence.
A travel ban is a restriction that prevents individuals from entering or leaving a country, often used as a tool in sanctions to limit the movement of specific individuals associated with undesirable activities.
Diplomats play a crucial role in negotiating and implementing sanctions, representing their countries' interests, and working to achieve consensus among member states on the terms and conditions of the sanctions.
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