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New EU Sanctions to Include Russian State Oil Companies With $27-Bln Turnover: Report

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The European Union has included Russia’s Rosneft, Gazprmneft and Transneft in its new sanctions list, Reuters reported Monday citing an EU diplomat.

Updated on 04:06 p.m. Moscow Time

MOSCOW, September 8 (RIA Novosti) – The European Union has included Russia’s Rosneft, Gazpromneft and Transneft in its new sanctions list, Reuters reported Monday citing an EU diplomat.

EU sanctions will also be imposed on Russian state companies with a turnover of more than $27 billion annually, which would also include companies selling or transporting oil.

News agencies reported earlier that economic sanctions against Russia may include energy companies, as well as another high-profile individuals in Russia and Ukraine whose assets may be frozen and would be banned from entering the EU.

Late Friday, a number of European politicians said that the European Union would announce its final decision regarding new economic sanctions against Russia on Monday.

The latest round of restrictions limited the ability to raise capital in the European Union for a number of Russian banks.

The United States and the European Union have been introducing sanctions against Moscow since Crimea’s reunification with Russia in March, which the West considers illegal, and Russia claims to be fully legitimate.

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