The European Union has announced that further sanctions on Russia will come into force on Friday (12 September). EU companies will be banned from providing loans to five state-owned Russian banks and six Russian oil and defence companies.
The EU will also block other forms of financing for these firms, including the trading of newly-issued bonds and shares.
The measures were adopted on Monday (8 September), although Herman Van Rompuy, the president of the European Council, said at the time that they would not come into force “for a few days” while the EU assessed developments in Ukraine.
In a statement today, Van …read more
Source: European Voice
