EU Slaps Sanctions on Five Russian Banks

The European Union has sanctioned five Russian banks to protest Moscow's intervention in restive eastern Ukraine. The EU said it is limiting the banks' access to European capital markets, which could further impede the already weak Russian economy that some analysts say is sliding toward a recession. The 28-nation EU bloc called for the sanctions earlier in the week and named the financial institutions Thursday: Russia's largest bank, Sberbank, as well as Gazprombank,...

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