The European Union and the United States today (17 Juy) announced new sanctions on Russia, in a bid to help Ukraine in its efforts to quell pro-Russian separatists in eastern Ukraine.
The actions taken by the US, which announced its sanctions shortly before the EU, were particularly notable, with the administration of US President Barack Obama placing restrictions that effectively prevent two very important Russian banks and two major energy companies from gaining access to the dollar markets.
The banks are a development bank, Vnesheconombank (VEB), and Gazprombank, the financial wing of Russia’s gas giant, Gazprom. The energy companies directly targeted are …read more
Source: European Voice
