Economics
As Trump Weighs Thaw With Putin, EU Set to Renew Its Blacklist
- Russian oligarchs Rotenberg, Kovalchuk among people sanctioned
- EU to extend travel, asset curbs as Trump seeks Russia ties
European Union flags.
Photographer: Jock Fistick/BloombergThis article is for subscribers only.
The European Union plans to renew asset freezes and travel bans against key allies of Russian President Vladimir Putin who are accused of destabilizing Ukraine, at a time when Donald Trump is weighing warmer ties with Moscow.
Four EU officials said member governments intend by mid-March to prolong the sanctions for another six months on more than 100 Ukrainians and Russians. Among them: Arkady Rotenberg, co-owner of SMP Bank and InvestCapitalBank, and Yury Kovalchuk, the biggest shareholder in Bank Rossiya, the Brussels-based officials said. The officials spoke on condition of anonymity because the deliberations are confidential.