New EU sanctions ban lending to five state banks, three energy companies

New EU sanctions call for a ban on lending to five Russian state banks and three major energy companies, the European Union said in a statement on Thursday.

New EU sanctions call for a ban on lending to five Russian state banks and three major energy companies, the European Union said in a statement on Thursday.

The ban on new bonds and shares of banks and companies listed has been tightened: the maximum duration of these instruments has been cut from 90 days to 30 days.

The EU statement has not included a list of banks and companies. As for the banks, the list is known from the previous wave of sanctions, these are Sberbank, VTB, Vnesheconombank, Gazprombank, and Russian Agricultural Bank (RusAg). European media outlets reported earlier citing the draft document on new sanctions, that the energy companies are Rosneft, Gazprom Neft, and Transneft.

Read more: Moscow's response to Western sanctions to measure economic damage sustained from them - Russian Foreign Ministry

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