The European Union is expanding sanctions against Russia as reports of new fighting in Ukraine threaten a fragile cease-fire agreement. The new measures are expected to go into effect in the coming days if the cease-fire fails to hold.
EU officials say the latest sanctions are reversible, depending on Moscow’s next moves on Ukraine – notably in finding a resolution to the conflict.
But European Policy Center analyst Paul Ivan said possibly the most significant measure targets several top Russian oil producers and pipeline operators. It would bar them from raising capital and borrowing on European markets.
“Some of them have also been …read more
Source: Voice of America
