EU Leaders Back Financial Sanctions, Tech Limits on Russia
- Penalties include curbs on purchasing securities, borrowing
- Leaders green-lit curbs with details to be finalized Friday
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EU leaders backed a broad sanctions package Thursday that will limit Russia’s access to Europe’s financial sector and restricting key technologies.
The sanctions will impose “massive and severe consequences on Russia” for its invasion of Ukraine, European leaders said in a joint conclusion from an emergency summit in Brussels. The leaders approved the outlines of the sanctions, with the final details to be finalized and formally adopted in a meeting scheduled for Friday.