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EU to impose additional restrictive measures against Russia

29 July 2014 22:49 (UTC +04:00)

These decisions will limit access to EU capital markets for Russian state-owned financial institutions, impose an embargo on trade in arms, establish an export ban for dual-use goods for military end users, and curtail Russian access to sensitive technologies particularly in the field of the oil sector, according to the statement issued by European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy in the name of the EU.

The new package reinforces the recently expanded listing of persons and entities "undermining Ukrainian territorial integrity and sovereignty," the statement said.

It also strengthens the restriction of investment and trade with Crimea and Sevastopol and the reassessment of the Russia-EU bilateral cooperation "with a view to reducing the level of the cooperation," said the statement.