Russian members of VE Day motorbike rally not allowed into PolandWorld May 01, 1:55
Russian traveler reaches South Africa by motorbikeSociety & Culture May 01, 0:49
Ukraine blows money by building dam to cut Crimea off water — Russian lawmakerRussian Politics & Diplomacy May 01, 0:41
Some 150,000 motorsport fans attend F1 racing weekend in Russia’s SochiSport May 01, 0:39
Putin, French ski legend Jean-Claude Killy join ice hockey training session in SochiSport April 30, 21:09
Putin awards Valtteri Bottas with Russian F1 GP TrophySport April 30, 18:02
FIA Formula One 2017 Russian Grand Prix boosts off in SochiSport April 30, 15:23
Merkel to pay first visit to Russia in two years for talks with PutinWorld April 30, 14:40
Passenger plane crashes in CubaWorld April 29, 22:49
The EU’s possible sector-wise sanctions against Russia over its stance on Ukraine are listed in a 10-page document prepared by the European Commission, the paper said.
The document also proposes prohibiting Russian banks from floating new share issues on European stock exchanges to raise foreign capital.
The proposal does not extend, however, to the Russian banks’ existing securities and Russia’s sovereign bonds. But even these measures may be quite sensitive for Russian financial institutions, The Financial Times said.
Specifically, the European Commission’s document says that Russian banks with over 50% state ownership placed bonds worth €7.5 billion on European markets last year while the total amount of bonds floated by Russian banks in Europe in 2013 is estimated at €15.8 billion.
Aside from restrictions on Russia’s financial sector, the EC document mentions a ban on EU exports of sensitive technologies to Russia to target three areas: deep-sea drilling, Arctic exploration and shale oil extraction.
The European Commission may also impose an arms embargo to limit Russian weapons exports to Europe estimated at €3.2 billion a year and restrict trade in dual-purpose goods.
However, the measure will have to be agreed unanimously by all 28 EU member states while some European countries have spoken against imposing sanctions on Russia, The Financial Times said.