Arab Today, arab today eu formally adopts russia sanctions
Last Updated : GMT 15:44:02
Arab Today, arab today
Arab Today, arab today

EU formally adopts Russia sanctions

Arab Today, arab today

Arab Today, arab today EU formally adopts Russia sanctions

A statue of Lenin in Donetsk
Brussels - AFP

The European Union formally adopted broad economic sanctions against Russia on Thursday, aiming to make it pay a price over the Ukraine crisis in the hope Moscow will reverse course.
They were published in the EU's Official Journal later in the day, meaning that they come into effect on Friday.
The new measures, finally agreed earlier this week after months of hesitation, target Russia's banking, defence and energy sectors in view of its "actions destabilising the situation in eastern Ukraine," a statement said.
A first step limits access by Russian state-owned banks to Europe's financial markets, chief among them London, which will increase their cost of doing business and hinder their contribution to the economy.
Five banks were named, among them the largest in Russia: Sberbank, VTB, Gazprombank, VEB and Rosselkhozbank.
EU nationals and companies will no longer be allowed to buy or sell new bonds, stocks or other debt instruments with a maturity of more than 90 days issued by such banks, the statement said.
Sales of arms and dual-use technology are banned, along with sensitive technologies in the oil sector but not gas, where Russia supplies about a third of the EU's needs.
Analysts say the oil sector ban could really hurt over time because Russia relies heavily on advanced Western drilling technology, especially for the development of new fields in extreme environments such as the Arctic.
"The measures will apply to new contracts," the statement said, meaning current deals and activities are not covered.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu formally adopts russia sanctions Arab Today, arab today eu formally adopts russia sanctions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu formally adopts russia sanctions Arab Today, arab today eu formally adopts russia sanctions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday