EU sanctions on Russia come into force
New EU sanctions against Russia have come into force today, targeting large Russian oil and defence companies, over its role in the crisis in Ukraine, however other big sectors, such as Russian gas exports, the space industry and nuclear energy remain unaffected.
The sanctions block the export of services and technology to Russia’s oil sector, with state-owned Rosneft, Transneft and Gazprom Neft, targeted by the EU.
The firms will be restricted in their acces to financial markets and state-owned banks will be barred from getting loans with a maturity longer than one month, and from getting other financial services in the EU.
A statement from the EU Council says the officials targeted are people "involved in actions against Ukraine's territorial integrity, including the new leadership in Donbass, the government of Crimea as well as Russian decision-makers and oligarchs".