Russia’s Gazprom to fall under new EU capital ban – sources — RT Business

Russia’s Gazprom to fall under new EU capital ban – sources — RT Business:



"Russia's Gazprom Bank and oil producer Gazprom Neft will fall under new sanctions approved by the European Union on Friday, Reuters cited an EU diplomat as saying. The sanctions reportedly include a new ban on raising capital in the 28-nation bloc.



The sanctions were agreed against Russia for its alleged role in the Ukrainian crisis, the diplomatic source said.



According to The Financial Times, which managed to obtain a document outlining the sanctions, all Russian state-controlled companies with assets of more than one trillion rubles (US$27 billion) that receive more than half their revenue from “the sale or transportation of crude oil or petroleum products” will be hit by the ban."



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