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Wide-Ranging EU Sanctions Expected to Have ‘Significant’ Impact on Russian Business
By Irene Madongo
printThe European Union Tuesday further restricted Russia's access to the continent's financial markets and energy technology industry and promised targeted sanctions against individuals and entities on Wednesday. The Council of the European Union said the restrictions would bar EU nationals and companies from buying and selling bonds, equity and other financial instruments that take longer than 90 days to mature when issued by Russia's state-owned financial institutions and development banks. The economic bloc will also prevent investments in energy, transportation and telecommunications projects in Crimea and Sevastopol. In addition to banning arms exports and requiring authorizations for the sale of...
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