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Commodities Briefing - Categorized | Market Moves, Oil more

EU plans to target Russian oil groups with new sanctions

Posted on 05 September 2014

The EU is preparing to bar Russia’s state-controlled oil companies from raising funds on European capital markets, a significant expansion of the bloc’s economic sanctions that would hit some of the country’s largest energy groups, including Rosneft.
The ban, contained in legislation approved by the European Commission and obtained by the Financial Times, would also be applied to Russian defence companies and would add to a similar restriction adopted in July on Russian banks seeking to raise cash in Europe………………………………………..Full Article: Source


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