EU considers ban on Crimea bank transactions

The European Union may ban transactions with financial institutions in Crimea as part of its response to the annexation of the peninsula by Russia last month.

The EU considers Russia's annexation of Crimea to be illegal, and is considering sanctions
The EU considers Russia's annexation of Crimea to be illegal, and is considering sanctions Credit: Jens Kalaene/DPA/Press Association Images

EU leaders consider the takeover of Crimea by Russia as illegal and have asked the EU executive arm, the European Commission, to propose economic, trade and financial restrictions on Crimea for swift implementation.

The proposals are separate from EU talks on stepping up sanctions against Russia if Moscow does not help deeescalate tensions, and could be adopted by EU foreign ministers at their next meeting in mid May.

Read: US and Russia clash words as Ukraine unravels

Advertisement

Cameron offers more Typhoons for Nato air mission

Britain will offer another two Typhoon warplanes to patrol the skies of eastern Europe amid continuing tensions with Russia over the Ukraine cris, David Cameron has said.