EU prepares more sanctions against Russia

The decision should make it easier for the EU to target Russian companies – something it has not done yet, unlike the United States – but needs formal backing during a meeting of EU foreign ministers on Monday.

 

“We have political approval, and it will have to be rubber-stamped,” one diplomat said, speaking on condition of anonymity. “New sanctions are likely on Monday.”

 

The EU has already imposed asset freezes and visa bans on 48 Russians and Ukrainians over Moscow’s annexation of Ukraine’s Crimea region. It was not immediately clear what the new criteria would be or whether they would allow for targeting of Russian energy giants such as Gazprom or Rosneft.

Read More: EU prepares more sanctions against Russia | EurActiv.