EU is considering new sanctions on Russian banks, diplomats say

European countries looking to tighten sanctions on Russia are considering targeting more banks, expanding the network to more family members of oligarchs and using cryptocurrencies to circumvent financial restrictions in the coming ones as part of a new package of measures aimed at shoring Western pressure on Russia’s economy is increasing, according to diplomats and officials familiar with the debate.

The effort comes as the US and European Union put together joint task forces to ensure previously announced sanctions against Russia over its invasion of Ukraine can be implemented effectively. Transatlantic efforts include pressuring third countries to allow Russian citizens and companies to relocate assets outside of Russia, beyond the reach of Western sanctions.

https://www.wsj.com/articles/eu-is-considering-new-russian-bank-sanctions-diplomats-say-11648646252 EU is considering new sanctions on Russian banks, diplomats say

Ethan Gach

TheHiu.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehiu.com. The content will be deleted within 24 hours.

Related Articles

Back to top button