New Sanctions on Russia
The E.U. and U.S. have stepped up sanctions on Russia over the crisis in Ukraine. The new penalties introduced by Brussels broadly limit the trade of weapons and of technology that can be used in the oil and military industries. The E.U. has also put its capital markets off limits to Russian state-owned banks. More companies and individuals have also been hit with asset freezes and travel bans. So all eyes are now on Russia for its reaction to the new sanctions.