EU bans investment in Crimea, targets oil sector, cruises

December 18, 2014 11:58 AM

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BRUSSELS (Reuters) - The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports.

The new measures, which EU governments have signed off on and will take effect on Saturday, reinforce the EU's policy of not recognizing Moscow's annexation of Ukraine's Crimea region in March.

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