London High Court rules Ukraine must repay $3 bln to RussiaBusiness & Economy March 29, 18:12
Russian energy minister pegs oil price at $70-100 as profitable for Arctic productionBusiness & Economy March 29, 18:02
Russian opera star Hvorostovsky announces two concerts in Toronto and DublinSociety & Culture March 29, 17:44
Russia's major natural gas producer says available reserves to suffice for over 20 yearsBusiness & Economy March 29, 17:38
Putin arrives in Franz Josef Land to size up Arctic environmental cleanupSociety & Culture March 29, 17:32
First in the world ice-class gas tanker comes to Arctic portBusiness & Economy March 29, 17:11
Eurovision broadcaster eyeing ban on Kiev from song contest over ‘unacceptable behavior’World March 29, 16:45
Diplomat slams calls to boycott 2018 FIFA World Cup as ‘campaign to contain Russia’Sport March 29, 16:34
How Russians conquered the Arctic in vintage photosBusiness & Economy March 29, 16:00
They include an arms embargo to limit Russian weapons exports to Europe estimated at €3.2 billion a year and restrictions on trade in dual-purpose goods.
The EU summit took a decision on the expansion of blacklist for Russian companies on July 16.
At present, the EU blacklist includes 72 names, including Russian politicians and officials, leaders of militia in the Donetsk and Luhansk people’s republics.
European Council leader Herman Van Rompuy wrote to EU leaders saying the bloc agreed on defense, financial and technology sanctions against Russia, avoiding the need for an emergency summit, a diplomatic source in the EU Council said on July 25.“The measures in the field of sensitive technologies will only affect the oil sector in view of the need to preserve EU energy security,” the source said.
The European Commission 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 new sanctions also include restrictions on trade in and out of Crimean ports.