Hard-hitting European Union sanctions would target state-owned Russian banks and the export of sensitive military goods to Russia, as well as some of Russia’s richest people, according to proposals set forth by European leaders today. EU ministers are meeting to discuss further measures against Russia as a response to the crisis in Ukraine and downing of Malaysia Airlines flight MH17 last week. If implemented, it would be the first time European nations have targeted the Russian economy and gone beyond asset freezes and visa bans, according to Reuters.
While European leaders appeared initially hesitant to impose harsh sanctions against Russia, they …read more
Source: Newsweek
