EU, US Expand Sanctions Against Russia

World | July 17, 2014, Thursday // 12:07| Views: | Comments: 4
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Bulgaria: EU, US Expand Sanctions Against Russia File photo.

The US and EU have widened the list of sanctions against Russia targeting individuals as well as financial institutions and defense companies, Wednesday.

The US has issued sanctions against major banks including Gazprombank, defense firms and energy companies including Rosneft, the BBC reports.

Russian President Vladimir Putin was quoted as saying sanctions would take US-Russia relations to a "dead end".

Following the EU summit on Wednesday, the European Council requested that the European Investment Bank (EIB) "suspend the signature of new financing operations in the Russian Federation." European Union Member States will coordinate their positions within the European Bank for Reconstruction and Development (EBRD) Board of Directors with a view to also suspending financing of new operations, the EC official statement says.

The EC has condemned the continuation of illegal activities by armed militants in Eastern Ukraine and has urged the Russian Federation to work for minimizing the flow of weapons and militants across the border, in order to achieve a rapid deescalation.

The EU claimed that it would announce details of the new sanctions by the end of July, but added that its investment banks would no longer fund Russian projects.

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» To the forumComments (4)
Optimistic - 18 Jul 2014 // 10:26:02

The Kiev government is recruiting Nazis from across Europe to fight for them and to kill Ukranians.

The are in a group called the Azov Batillion.

Surely scanctions should be applied to the Kiev Government.

sa-sha - 18 Jul 2014 // 09:42:19

№ of the ward and the address of a rathouse where You've been placed to, Joric?

Joro Stefanov - 17 Jul 2014 // 15:21:07

Good riddance Russia! It was about time someone taught you a lesson. Foreign aggression/invasion/intimidation/bullying and mass murder of your neighbours won't get you far.

You are a dead country with a dead economy and a dead demography. You are heading in the direction of derelict world economies like Venezuela or Zimbabwe, where you rightfully belong.

Bullies and aggressors are not accepted in our multi-polar, interconnected world Mr. Putin. Petty dictators like you are becoming fewer and fewer as years pass.

Wake up from the nightmare you have created Russians.........

sa-sha - 17 Jul 2014 // 14:42:22

US "expands"......:-).....The deadly threat has hung over Frigate "Russia".
/Мичманът повръща в трюма,
Боцманът не казва дума!/
Big Black Boss is awful in the fury.

As for EU: to lick, to fulfil, to order to satisfy. What a pitiful sight. But then the satisfied BBB, what a great sight!

And also: today's Your birthday, Angie. Why to underscore, on such a fine day, the old Russian saying "60 лет а ума нет!"[~ A fool at sixty is a fool indeed]? You reproach Russia, after Your phone talk with BBB, for
the situation in Ukraine. But was it Russia who made a mess of it, Angie? And it is not Russia who encourages the Ukrainian neo-nazis and who invites those bastards to join the "civilized Europe"...Happy birthday, Angie!

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