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Ukrainian American Bar Association

EU Formally Adopts Russia Sanctions

02 Aug 2014 10:12 PM | Anonymous

 The European Union formally adopted broad economic sanctions against Russia on July 31 in response to Moscow's actions in eastern Ukraine. An EU statement said the new measures, agreed on July 29, target Russia's banking, defense and energy sectors in view of its "actions destabilizing the situation in eastern Ukraine." The move limits access by Russian state-owned banks to Europe's financial markets, which will increase their cost of doing business and hinder their contribution to the economy.    Radio Free Europe/Radio Liberty.  Read More


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