EU governments agree to impose economic sanctions on Russia
Published on Jul 29, 2014 11:01 PM
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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