“The Council today adopted EU restrictive measures in view of
Russia’s actions destabilizing the situation in eastern Ukraine. This
decision gives legal value to an agreement reached at the Committee of
Permanent Representatives on July 29,” the Council of the
European Union said in a communique.
The document states that the documents on the sanctions will be
published in the EU Official Journal later on Thursday and go into
effect on Friday, Aug.1.
The Council of the European Union said in its communique the
sanctions will restrict Russia’s access to the EU capital markets and EU
citizens and companies will no longer be able to buy or sell bonds,
shares and new similar financial instruments issued by large Russia
state banks, development banks, their branches or establishments acting
on their behalf whose period exceeds ninety days.