BRUSSELS—New European Union sanctions against Russia announced Friday toughen financial penalties on the country’s banks, arms makers and its biggest oil company, to punish Moscow for what the West sees as efforts to destabilize Ukraine.
The EU measures, details of which were released Friday after a preliminary agreement Thursday, broaden the scope of previous penalties. The United States was also expected to announce more sanctions Friday.
The EU measures include:
— Further limits to some Russian companies’ ability to raise money in EU markets. The restrictions now apply not only to banks but also to major oil company Rosneft, defense companies, pipeline operator …read more
Source: The Epoch Times
