EU TARGETS SBERBANK AND GOLD IN LATEST RUSSIAN SANCTIONS ROUND
July 30th, 2022
The European Union (EU) has sanctioned Russia’ largest bank - Sberbank – which is majority-owned by the Russian state, preventing it from trading and operating in the EU, freezing its accounts.
The EU has also banned EU companies, public agencies and individuals from importing or transferring (directly or indirectly) Russian gold and jewellery. “We are taking another important step to curtail Russia’s capacity to continue and finance its war of aggression against Ukraine. We are effectively banning Russia’s most significant export after energy – ...
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