Economic sanctions

‘Europe clamps down on Russia’

Published on 30 July 2014 at 08:49

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By restricting access to capital and advanced military and oil technologies, the EU has imposed economic sanctions against Russia for the first time for its support to pro-Russian separatists in Eastern Ukraine headlines Gazeta Wyborcza. Although the exact list of sanctions has not yet been announced, the EU will set up a team of experts to make sure Russia does not circumvent the restrictions.

In a commentary the daily notes that “the next days and weeks will be very difficult for Vladimir Putin”, as the sanctions come in as yet another blow for Moscow after the US accused Russia of breaking the 1987 nuclear missile treaty, Ukraine has intensified offensive against pro-Russian separatists, and the arbitration Court in Hague ruled on 27 July that the Russian state should pay $50 bn [€37.3 bn] for seizing Yukos oil company assets.

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