The trade and investment restrictions agreed by EU governments in - TopicsExpress

The trade and investment restrictions agreed by EU governments in Brussels marked a major escalation of sanctions against Russia, which so far have been mostly token measures targeting individuals. Measures targeting Russias banks, oil industry and military could increase financial strains in its already sluggish economy while withholding technology that the nations modernization relies on. The U.S. followed the EUs move by announcing similar sanctions against Russian banks as well as the energy, arms and shipping sectors. President Barack Obama hailed Europes adoption of its most significant sanctions yet against Moscow, saying the parallel U.S.-EU steps would have bigger bite.

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