Exclusive - EU considers ban on deals with banks in Crimea


  • World
  • Thursday, 24 Apr 2014

BRUSSELS (Reuters) - The European Union may ban transactions with financial institutions in Crimea as part of its response to the annexation of the Ukrainian peninsula by Russia last month, an EU document obtained by Reuters showed.

EU leaders consider the takeover as illegal and have asked the EU executive arm, the European Commission, to propose economic, trade and financial restrictions on Crimea for rapid implementation.

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