State-owned Russian banks face EU sanctions

25 July 2014 09:10
(QHA) -

The European Union would target state-owned Russian banks under proposals considered by EU governments on Thursday.

"The Financial Times" reported that new EU sanctions on Russia for its role in unrest in eastern Ukraine seem set to include banning Russian banks from selling shares on European markets.

The EU sanctions would go further than those the United States imposed on two Russian banks -- Gazprombank and VEB -- on July 16, with the EU sanctions targeting all banks with more than 50 percent state ownership.

It is also expected 15 individuals and 18 organizations will be added to the EU's sanctions list for undermining Ukraine's territorial integrity.

The names of the individuals and organizations are due to be released today.