New EU sanctions on Russia take effect

With their publication in the European Union Official Journal Friday, a new round of EU sanctions against Russia went into effect Friday.

The expanded trade restrictions are directed against Russia’s oil and defense firms, as well as banks.

In addition, 24 surnames have been added to the list of persons prohibited from traveling to member-states and whose assets have been frozen. The list includes the names of officials in annexed Crimea as well as those of Moscow-supported terrorist leaders.

Among the companies subject to the sanctions, the list names energy firms Gazprom, Rosneft and Transeft. Defense firms included armor-producer Oboronprom, the united aviation group OAK (which makes the MiG and SU military aircraft) and tank-manufacturer Uralvagonzavod.

On Friday the Russian ruble slipped to a new low against the dollar, falling from 37.57 rubles per dollar on Thursday, to 37.72 rubles per dollar today.

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