- EU looking to cut of EIB lending for Russian projects
- Also looking to influence halt to EBRD lending to Russian projects
- To take additional steps to cut off commerce with Crimea
- May suspend bilateral cooperation programs with Russia
- Will target Russian companies involved in destabilising Ukraine
- Steps are in draft conclusions for summit but may be changed (that says all you need to know)
Bloomberg with the draft scoop from the upcoming EU summit
More piecemeal rubbish from the EU.
One of the biggest EU/Russian projects is the South stream gas pipeline and if I was a betting man I’d put half my house on betting that the EU don’t touch it as far as sanctions go.
They did stop the project in Bulgaria over Bulgaria’s awarding of tenders for the work but Russia is already making contingency plans by talking to Turkey over sending it via them.
