New EU Sanctions Will Target State-Owned Russian Banks And Billionaires

Proposed EU Sanctions May Target Russian Billionaires -- Newsweek

Hard-hitting European Union sanctions would target state-owned Russian banks and the export of sensitive military goods to Russia, as well as some of Russia's richest people, according to proposals set forth by European leaders today. EU ministers are meeting to discuss further measures against Russia as a response to the crisis in Ukraine and downing of Malaysia Airlines flight MH17 last week. If implemented, it would be the first time European nations have targeted the Russian economy and gone beyond asset freezes and visa bans, according to Reuters.

While European leaders appeared initially hesitant to impose harsh sanctions against Russia, they seem emboldened by the downing of the Malaysia airliner, particularly because the majority of the 298 people killed on board were from The Netherlands. The EU has been threatening Russia with sanctions unless it ensures a full international investigation, and stems the flow of weapons to pro-Russia rebels in eastern Ukraine.

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More News On New EU Sanctions That Will Target State-Owned Russian Banks And Billionaires

EU targets state-owned Russia banks in sanctions plan -- Reuters
EU adds 15 people, 18 firms to sanctions list over Ukraine crisis -- RT
EU sanctions on Russia to be adopted next week -- Independent.ie
Europe Narrows Divide Over Russian Sanctions -- WSJ
Canada to impose sanctions on range of Russian firms and banks -- Reuters
MH17 crash: sanctions against Russia are illegal, ambassador claims -- The Guardian
Western Sanctions 'Illegal' Says Russian Ambassador to Britain -- IBTimes
Sanctions will hurt West and inflame global financial crisis, warns Russian ambassador -- Daily Mail
Russia threatens to hit British companies in 'retaliation' for sanctions -- The Telegraph
Which Russian companies could benefit from sanctions? -- Alexei Lossan, RBTH
Why Europe is wary over Russia sanctions -- CNN
Things to know about Russia and sanctions -- Ray Sanchez, CNN

My Comment: The oligarchs are getting nervous .... but for the average Russian on the street .... they are not worried. What's my take .... Russians should be concerned on the long term impact of sanctions .... it will hurt everyone .... Europeans, Ukrainians, and Russians.