NEW EU SANCTIONS HIT RUSSIA’S FINANCE, ENERGY AND DEFENCE SECTORS
August 1st, 2014
A new round of sanctions against Russia has been announced by the European Union (EU), which reduces Russia’s ability to raise money in EU financial markets and prevents EU companies and businesses working and trading with Russian banks, arms manufacturers and oil companies. The measures, which entered into force today, broaden the scope of the previous penalties applied in July and also include further travel bans and asset freezes on leading members of Vladimir Putin’s inner circle.Importantly, the EU Council of Ministers has acted against Russia’s gas ...
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