EU leaders agree to broaden sanctions on Russian companies


  • World
  • Thursday, 17 Jul 2014

BRUSSELS (Reuters) - European Union leaders agreed on Wednesday to expand sanctions against Russia to target companies that help to undermine Ukrainian sovereignty and to draw up a first list of companies and people to be targeted with asset freezes by the end of July.

EU leaders also decided to ask the EU's bank, the European Investment Bank, to suspend new lending for Russia and to seek the suspension of new lending to Russia by the European Bank for Reconstruction and Development, according to a statement issued at an EU summit.

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