EU to target Russian firms with sanctions, block loans


  • World
  • Thursday, 17 Jul 2014

BRUSSELS (Reuters) - European Union leaders agreed on Wednesday to sanction Russian companies that help destabilise Ukraine and to block new loans to Russia through two multilateral lenders.

The decision is a significant ratcheting-up of European pressure on Russia although it falls short of the hard-hitting economic measures against Russia for which the United States and hawks in the EU were pushing.

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