EU imposes robust sanctions against Russia
July 30 , 2014
EU countries have agreed to impose stringent sanctions on Russia in response to Moscow’s support for rebels in eastern Ukraine.
The targets of the sweeping sanctions, include state-owned banks and Russia’s arms and oil industries. Ambassadors of 28 member states of the EU decided in favor of the sanctions after a seven-hour meeting.
In a strong joint statement, Herman van Rompuy, the European Council president, and José Manuel Barroso, the head of the European Commission, said that “Illegal annexation of territory and deliberate destabilization of a neighboring sovereign country could not be accepted in 21st-century Europe.”