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EU bans investment in Crimea, targets oil sector, cruises
Source: Reuters
EU bans investment in Crimea, targets oil sector, cruises
BY ADRIAN CROFT AND ROBIN EMMOTT
BRUSSELS Thu Dec 18, 2014 7:39am EST
(Reuters) - The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports.
The new measures, which EU governments have signed off on and will take effect on Saturday, reinforce the EU's policy of not recognizing Moscow's annexation of Ukraine's Crimea region in March.
EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in Ukraine despite Russia's currency crisis and ailing economy, diplomats said.
The EU is outlawing investment in Crimea, preventing Europeans and EU-based companies from buying real estate or companies in Crimea or financing Crimean companies, the bloc said in a statement.
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BY ADRIAN CROFT AND ROBIN EMMOTT
BRUSSELS Thu Dec 18, 2014 7:39am EST
(Reuters) - The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports.
The new measures, which EU governments have signed off on and will take effect on Saturday, reinforce the EU's policy of not recognizing Moscow's annexation of Ukraine's Crimea region in March.
EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in Ukraine despite Russia's currency crisis and ailing economy, diplomats said.
The EU is outlawing investment in Crimea, preventing Europeans and EU-based companies from buying real estate or companies in Crimea or financing Crimean companies, the bloc said in a statement.
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Read more: http://www.reuters.com/article/2014/12/18/us-ukraine-crisis-eu-idUSKBN0JW18020141218
