EU Sanctions On Russia To Target Banks, Businesses

The New York Times reports:

European Union ambassadors were preparing on Tuesday to adopt an immediate set of sanctions in response to Russia’s recognition of two separatist regions in Ukraine, according to two E.U. diplomats with knowledge of the talks in Brussels.

The sanctions, which will target people, government and business entities in the separatist regions and in Russia, were set to be further reviewed at an informal meeting of European Union foreign ministers in Paris later Tuesday.

The diplomats said the draft included 27 individuals and entities, including political, military, business and financial entities, as well as “propagandists” linked to the recognition decision.

Read the full article.

JUST IN: The EU proposes an initial package of sanctions on Russia for its moves in Ukraine, targeting those behind the decision and banks that finance Russian operations in the territories

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