EU Imposes New Sanctions on Russia
July 29, 2014
The European Union today adopted new economic sanctions against Russia over the conflict in Ukraine. The latest sanctions are designed to target Russia’s all-important oil sector as well as limit Russian access to Western defense equipment and sensitive technologies. EU banks are also likely to restrict Russian access to European capital, that is, bar Russia’s biggest state-owned banks from selling stock or long-term debt on European markets.
This latest round of EU sanctions was made in response to the downing of flight Malaysia Airlines Flight 17 over eastern Ukraine on July 17, which resulted in the deaths of all 298 passengers and crew members. The United States and its European allies have declared that Russian-backed separatist rebels almost certainly shot the plane down with a Russian surface-to-air missile. Russian President Vladimir Putin continues to deny charges that Russia is supplying heavy weapons to the separatist rebels.
Heavy fighting between the Ukrainian army and separatist rebels near the city of Donetsk has prevented an international team from investigating the crash of Malaysia Airlines Flight 17 on July 17, 2014. (World Book map; map data © MapQuest.com, Inc.)
Intense fighting between the rebels and the Ukrainian military in eastern Ukraine has kept an international team of investigators from gaining access to the crash site. United States Secretary of State John Kerry said this morning that there has been “no shred of evidence” that Putin is willing to help end the deadly conflict between the Ukraine separatists and the Ukrainian government and warned that further U.S. sanctions are being contemplated in Washington, D.C.
For additional information on the Ukrainian crisis, search Ukraine articles under Archived Stories.
Additional World Book articles:
- Russia in the Post-Soviet World (a special report)
- Ukraine 2013 (a Back in Time article)
