EU sanctions on Russia explained

The first set of EU sanctions (‘restrictive measures’) against Russia were adopted in March 2014, following Russia’s illegal annexation of Crimea and Sevastopol, and its support for a separatist insurgency in eastern Ukraine.

Outraged by Russia’s illegal and unprovoked full-scale invasion of Ukraine in February 2022, European Union countries swiftly adopted unprecedentedly tough sanctions, in close cooperation with partners including the United States, the United Kingdom, Canada, Australia and Japan. The rapid succession of ten packages of EU sanctions adopted since then (by February 2023), in what has already been labelled a ‘sanctions revolution’, have resulted in an unparalleled set of measures targeting the key sectors of the Russian economy and the political elites. New sanctions have also been adopted against Belarus and Iran, in response to their involvement in Russia’s war of aggression.

🔎 Read more in our publication: EU sanctions on Russia: Overview, impact, challenges: https://epthinktank.eu/2023/03/13/eu-...

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CONTENT:
00:00 Sanctions revolution
00:27 Magnitude of sanctions against Russia
02:03 Effectiveness of sanctions against Russia
03:24 Impact of sanctions against Russia
04:21 Sanctions diplomacy and monitoring
04:59 Outro

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