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EU Leaders Agree On New Russian Sanctions Targeting Gazprom

International Business Times

European leaders have agreed on fresh sanctions on Russia, specifically targeting two branches of the world’s biggest oil producer Gazprom: Gazprom Bank and Gazprom Neft.

Sky News citing a European Union diplomat reported that fresh round of sanctions would include credit restrictions on Russia companies, export bans, and travel bans and asset freezes on a new set of officials.

The latest set of sanctions would be imposed on Russia early next week, despite its agreeing to a ceasefire in Ukraine.

British prime minister David Cameron said sanctions on Russia would continue despite the 12-point peace plan agreed by both sides. He was speaking at the end of a Nato Summit in Wales on 5 September.

Cameron added that sanctions could be lifted if peace in the region last long.

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