You're reading: Reuters: Russia imposes financial sanctions on Ukraine’s political elite

Russia imposed sweeping financial sanctions on Ukraine’s political elite on November 1, freezing the Russian assets of hundreds of politicians and dozens of businesses owned by major Ukrainian businessmen.

The sanctions were set out in a decree signed by Russian Prime Minister Dmitry Medvedev on November 1 and were described as counter-sanctions drawn up in response to Ukrainian measures against Moscow.

Read more here.