BRUSSELS (AP) — New European Union sanctions curbing access to western financial markets for some of Russia’s largest firms are targeting banks, arms manufacturers, the country’s leading oil company, Rosneft, as well as the crude subsidiary of its state-owned energy giant Gazprom.
The sanctions curbing access to Europe’s financial market also hit pipeline operator Transneft, arms firms and Russia’s plane maker United Aircraft Corporation.
The military conflict between the Ukrainian government and pro-Russian separatists in eastern Ukraine has been raging since mid-April, claiming more than 3,000 lives, according to the UN.
Limiting access to western capital markets curbs lending and is poised to …read more
Source: San Francisco Chronicle
