BRUSSELS—The European Union on Thursday revealed the details of its broad economic sanctions against Russia, including the names of five major banks which will see their access to the 28-nation bloc’s capital market curtailed.
The banks, in which the Russian state holds a majority stake, include the country’s largest lender, Sberbank. The others are Gazprombank, VEB, VTB bank and Rosselkhozbank, also known as the Russian Agricultural Bank.
The latest sanctions were announced Tuesday but the names of the targeted firms and other details were only released Thursday. The package of punitive measures also includes an arms embargo and the prohibition to export …read more
Source: The Epoch Times
