Russia’s State Banks Targeted in EU Sanctions Proposals

July 24, 2014 1:31 PM

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Russia’s State Banks Targeted in EU Sanctions Proposals

A ban on European purchases of bonds or shares sold by Russia’s state-owned banks is among the options for stepped-up sanctions on the Kremlin being weighed by the European Union, according to a proposal presented to member states.

Delegation chiefs from the 28 EU governments got a first look today at a range of measures to curb Russia’s access to capital markets and energy-production technology, which would require a unanimous vote by EU leaders to take effect.

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