EU considers ban on deals with banks in Crimea
BRUSSELS - The European Union may ban transactions with financial institutions in Crimea as part of its response to the annexation of the Ukrainian peninsula by Russia last month, an EU document obtained by Reuters showed.
EU leaders consider the takeover as illegal and have asked the EU executive arm, the European Commission, to propose economic, trade and financial restrictions on Crimea for rapid implementation.
These proposals are separate from an EU discussion on stepped-up sanctions against Russia if Moscow does not help deescalate tensions in eastern Ukraine between pro-Russian separatists and the government in Kiev. (Reuters)
