Would you please explain Romans 6:14? Does "not under the law" mean the law has been abolished?

Romans 6:14 says, "For sin will have no dominion over you, since you are not under law but under grace." This simply means that, where justification is concerned, we are not under the law but under grace. If we depended on the law as a means of justification, we would be doomed, for there is no law that can blot out our record of sins (see Galatians 3:21). We depend, then, on the grace of God for the remission of sins and full reconciliation with God. As Paul goes on to explain in verse 15, this does not mean that once the record of sins has been blotted out, we may now sin (break God's law) with impunity. If we do that, we can put ourselves back under sin's dominion, which ultimately produces death (Romans 6:23).