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EU governments agree to impose economic sanctions on Russia

Published on Jul 29, 2014 11:01 PM
Vice president of the European Commission (EC) and high representative of the European Union (EU) for foreign affairs and security policy, Catherine Ashton (rght), speaks during a press conference with Philippine Foreign Affairs Secretary Albert Del Rosario (back, left) in Manila on July 29, 2014. -- PHOTO: AFP

BRUSSELS (REUTERS, AFP) - European Union governments reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defence, dual-use goods and sensitive technologies, diplomats said.

The sanctions will be reviewed after three months, one diplomat said.

The new measures impose restrictions on the finance, defence and energy sectors so as to increase the cost to Russia of its continued intervention and support of pro-Moscow rebels in Ukraine.

“A political accord has been reached on the package of economic sanctions,” an EU official said, after the 28 member state ambassadors met for most of the day.

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