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US, EU levy sanctions on Russia despite cease-fire
2014-09-12 23:23:42| Energy - Topix.net
Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects. But the restrictions on Russia's energy sector were carefully crafted to avoid impacting the country's current production of oil and gas, a move that would raise global energy prices at time of weak economic growth.
Tags: russia
levy
sanctions
ceasefire
Category:Energy and Environment