EU and US Impose Sectoral Sanctions on Russia

| Importance: 8/10 | Status: confirmed

Following the downing of Malaysia Airlines Flight MH17 over eastern Ukraine, the European Union and United States imposed comprehensive sectoral sanctions targeting Russian financial, energy, and defense sectors. These sanctions restricted access to EU and US capital markets for major Russian banks and energy companies, and prohibited export of dual-use technologies. The measures marked a significant escalation in Western response to Russian actions in Ukraine, targeting key economic sectors to apply economic pressure in response to the MH17 tragedy and ongoing conflict in eastern Ukraine.

Key Actors

European Union United States Sberbank VEB Gazprombank Rosneft

Tags

sanctions mh17 financial-restrictions energy-sector

Sources (3)

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