EU Extends Sanctions to Gazprombank, Oil Rigs

摘要

Five Russian state-controlled banks--Gazprombank, as well as Russia's two largest banks Sberbank and VTB, plus Vnesheconombank and Rosselkhozbank--have been added to EU sanctions, aligning them more closely with those sanctioned by the US. Indeed, Sberbank is not yet on the US list. The five were cited in EU Council Regulation 833/2014 late on Thursday, Jul. 31, which also gives full legal force from Aug. 1 to the economic sanctions agreed by EU ambassadors last Tuesday (IOD Jul.30'14). Those economic sanctions are targeting financing, defense and high-tech equipment for the energy sector.