US and EU impose new sectoral sanctions

Sectoral sanctions: The US and EU have both imposed further sectoral sanction on Russia following recent events in East Ukraine. The US sanctions will affect the United Shipbuilding Corporation, VTB-Bank, Russian Agricultural Bank and Bank of Moscow, while the EU has voted to restrict export of equipment for the oil industry; to ban state-controlled Russian banks from selling shares or bonds in Europe; and to outlaw new contracts for the supply of weapons, machinery, electronics, and other dual-use goods. ITAR-TASS, Lenta