Due to the Russians unauthorised occupation of Crimea, and more recently the on going fighting in Eastern Ukraine, aligned with the shambolic handling of the unfortunate people killed when MH17 was so tragically shot out of the sky by drunk ex Russian military soldiers being funded directly by Moscow, the EU looks as if it is gearing itself up to give Russia an almighty economic blow, even if it hinders the growth of EU member states.
The new sanctions planned for Russia appear to expand on sanctions already in place, such as black listing key figures from Russia’s larger companies, key figures close to the kremlin, asset freezes and a further withdraw from investing in not only Russia but the newly annexed Crimea.
The EU may expand asset freezes and target companies “that are supporting materially or financially actions undermining or threatening Ukraine’s sovereignty, territorial integrity and independence,” the statement says, Bloomberg reports.
As a result, Russia may lose direct investment loans from the European Bank for Reconstruction and Development, based in London, if it does not adhere to the wishes of Europe and recede from Eastern Ukraine.
It appears that Russia are not prepared to relinquish on their plans to cause continual unrest in Ukraine with recent news that Russia are playing a key role in setting up a 100 billion dollar investment bank formed and overseen by a mixture of emerging economies most frequently called the BRICS (Brazil, Russia, India, China and South Africa). The goal of this new investment bank appears to be based around weakening the financial dominance of the West and in turn giving Russia more freedom to undertake similar escapades to Crimea in the future.