EU to extend sanctions against Russia: Bloomberg
The European Union plans to renew asset freezes and travel bans against key allies of Russian President Vladimir Putin who are accused of destabilizing Ukraine, the Bloomberg reports.
Four EU officials said member governments intend by mid-March to prolong the sanctions for another six months on more than 100 Ukrainians and Russians. Among them: Arkady Rotenberg, co-owner of SMP Bank and InvestCapitalBank, and Yury Kovalchuk, the biggest shareholder in Bank Rossiya.
In 2014, the European Union, the United States and other countries have imposed sanctions against Russia due to the occupation of the Crimea and aggression in eastern Ukraine.
Talks on visa-free regime and a new basic agreement on cooperation were suspended. A number of Russian officials were banned to enter the EU and their assets were frozen.
