European Union governments reached a deal on Tuesday to impose economic sanctions against Russia that would curb access of state-owned Russian banks to capital markets and restrict export of equipment for Russian oil production, diplomats told reporters. The sanctions will be reviewed after three months, one diplomat said. Dutch Foreign Minister Frans Timmermans said on Tuesday that sanctions on Russian capital markets being considered by European Union member states in response to the Ukraine crisis would have an immediate effect. “Today in Brussels … they are now discussing the so-called 3rd-phase package … capital market restrictions, and I think they …read more
Source: Business Insider
