EU Expands Russia Sanctions Over Eastern Ukraine Violence
July 29 2014 - 11:57AM
Dow Jones News
By Matthew Dalton and Laurence Norman
BRUSSELS--The European Union on Tuesday agreed to place
sanctions on broad sectors of the Russian economy, EU diplomats
said, marking a significant escalation of the bloc's response to
allegations that Moscow is fueling the violent conflict in eastern
Ukraine.
The measures will target four economic sectors; finance,
militarily sensitive equipment, arms and oil production equipment.
They will sharply restrict the ability of Russia's state-owned
banks from raising financing on European markets. The measures will
also place an embargo on the arms trade and restrictions on exports
of militarily sensitive goods and technology used in unconventional
oil drilling and exploration.
The sanctions should take effect by Thursday, diplomats
said.
Write to Matthew Dalton at Matthew.Dalton@wsj.com and Laurence
Norman at laurence.norman@wsj.com