An EU statement said the new measures, agreed on
The move limits access by Russian state-owned banks to
Five banks were named, among them the largest in
EU nationals and companies will no longer be allowed to buy or sell new bonds, stocks or other debt instruments with a maturity of more than 90 days issued by such banks.
However, EU subsidiaries of the targeted banks are excluded from the ban, although prohibited from raising funds for their parent companies.
Sales of arms and dual-use technology -- that can be used for military or civilian purposes -- are banned, along with sensitive technologies in the oil sector but not gas, where
The restriction on sales of defense equipment is limited to future orders, which allows
EXPLAINER: New Western Sanctions Could Sting Russia
The EU sanctions will be subject to a three-month review to assess whether they are achieving their objective.
The sanctions announced on
Previous sanctions have targeted Russian companies and individuals and also some officials in self-declared pro-Russian separatist governments in eastern
With reporting by Reuters, AP, and ITAR-TASS
Copyright (c) 2011. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty,
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