EU identifies 5 Russian banks for sanction
Thursday, 31 July 2014
The European Union (EU) has revealed the names of five Russian banks it is sanctioning over what the 28-nation bloc decries as Moscow's meddling in Ukraine. The sanctions limit access to European capital markets for the banks, in which the Russian state holds a majority stake. The lenders are Russia's largest bank, Sberbank, Gazprombank, Rosselkhozbank, VEB and VTB bank. The sanctions were first announced on Tuesday, but the names of the targeted firms were only released on Thursday, according to a news agency.