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New EU Sanctions on Russia
World Economy

New EU Sanctions on Russia

The EU says new sanctions against Russia should be adopted shortly and take effect on Tuesday, despite a Kremlin warning of retaliation. But an EU spokeswoman said the sanctions would be "reversible", depending on the situation in Ukraine. Major state-owned oil firms including Rosneft are on the new EU list, but gas is not affected, diplomats say. 

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