Russia May Aid Sanctioned Banks as MH17 Probe Stymied
Russia’s central bank said it’s ready to help lenders targeted by the U.S. and Europe in their latest round of sanctions, as Dutch experts again abandoned an attempt to visit the crash site of Malaysian Air Flight 17.
European Union governments agreed yesterday on their most sweeping sanctions against Russia to date, barring state-owned banks from selling shares or bonds in Europe, restricting the export of equipment to modernize the oil industry and barring the sale of technology with military uses. The sanctions are an attempt to get President Vladimir Putin to back down in Ukraine.
“If necessary, adequate measures will be taken to support the said organizations with the view of protecting interests of their customers, depositors and creditors,” the central bank said in an English-language statement on its website today.
The EU sanctions align the 28-member bloc with the actions taken by the U.S. With many European countries reliant on Russian oil and natural gas, the sanctions stopped short of the full-scale commercial warfare that could damage the European economy, which is still shaking off the euro debt crisis.
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http://www.bloomberg.com/news/2014-07-29/u-s-adds-russian-banks-to-sanctions-list-in-move-with-eu.html
