The European Union is extending its Russia-related sanctions for twelve months—the first renewal set for a full year, a decision made at the June 2026 EU summit in Brussels.

Under the extension, EU sanctions covering trade, finance, energy, industry, transportation, and luxury goods will continue, including the ban on seaborne Russian crude oil imports and the removal of several Russian banks from SWIFT.

The G7 is pursuing a hard line by targeting 70 sanctions measures and adding about 20 ships from the so‑called shadow fleet that helps Russia evade oil and gas export restrictions.

For the first time since December 2024, all 27 EU member states supported Ukraine-related statements at a summit, a shift attributed to Hungary’s leadership change and the more hawkish stance of the new government.

EU actions aim to further restrict Russia’s banking system as part of broader pressure to slow Moscow’s war machine.

The overarching goal is to weaken Russia’s war economy and push for peace negotiations that end the invasion.

The formal legal text for the one-year extension is expected to be adopted by the Council in the coming weeks as a procedural step.

Ukraine has received renewed EU support, including formal accession talks and a €90-billion loan package.

EU leaders reaffirm plans to reduce Russia’s energy revenues, curb the shadow fleet’s activities, and tighten the Russian banking sector to spur negotiations and end the war.

This twelve-month extension aligns with ongoing efforts to end the Ukraine war and marks the first time such a renewal has spanned an entire year.

The decision was announced by a spokesperson for EU Council President in Brussels after discussions at the summit with Ukrainian President Zelensky.

The extension was approved unanimously by all 27 EU leaders in Brussels.