EU Said to Weigh Cutting EBRD, EIB Financing for Russia

European Union states are considering a halt on financing for projects in Russia as they seek to widen the scope of sanctions aimed at ending the conflict in Ukraine, two EU government officials said.

EU governments are considering different scenarios to stop new project funding for Russia made by the European Bank for Reconstruction and Development and the European Investment Bank, according to the two officials, who asked not to be named because of the sensitivity of the plans.