Flag of Russia Benedicte Gravrand, Opalesque Geneva:
Russia is making the headlines almost daily, and these are especially tied to the crash of MH17, Ukraine, and new economic sanctions.
On Tuesday 29th July, the European Union announced its intention to start trade and economic sanctions against Russia, aiming at access to EU capital markets, defense exports, energy related equipment and technology and sensitive technology, it was reported. President Obama announced a new round of U.S. measures that would affect "key sectors of the Russian economy," straight after. Among other actions, he expanded the list of U.S.-sanctioned banks and defense companies.
The European measures were published yesterday, and take effect today. As was widely expected, according to global specialist law firm Dechert LLP, the measures limit access to EU capital markets for Russian State-owned financial institutions, establish an export ban for dual use goods for military end users, and curtail Russian access to sensitive technologies, particularly in the field of the oil sector. These measures have some similarities to the recent ......................
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