New EU Sanctions on Russia Come Into Force
The European Union announced in its Official Journal Friday it was imposing a new round of sanctions on Russia, including those targeting the country’s major defense and energy companies. ● The EU barred three major Russian oil companies (Rosneft, Transneft, GazpromNeft) and three major defense companies (Oboronprom, United Aircraft Corporation and Uralvagonzavod) from seeking finance on European capital markets. The union also banned sales of dual-technology equipment to nine Russian defense companies, including the Kalashnikov Concern, Russia’s largest producer of automatic and sniper combat arms. A total of 24 people, including senior Russian lawmakers and the leadership of the self-proclaimed Donetsk People’s Republic, were added to the list of individuals facing EU travel bans and asset freezes.
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