Cyprus Mail
Business

EU considers tightening ban on energy, tourism in Crimea

Russian Prime Minster Dmitry Medvedev

By Robin Emmott

The European Union is considering widening its ban on investment in Crimea to include barring the sale of technology for oil and gas exploration and stopping EU firms running tourist businesses there, according to a draft document seen by Reuters.

The proposals, being worked on by EU officials, would also ban EU citizens from buying or financing companies in Crimea, a region of Ukraine which Russia annexed in March, prompting the worst East-West stand-off since the Cold War.

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