The European Union (EU) has announced new economic sanctions against Russia as tensions continue to rise over the conflict in Ukraine. The measures involve further restrictions on Russian banks’ access to European financial markets and technology, as well as limits on EU firms’ ability to provide services to Russian oil and gas companies. The EU cited Russia’s alleged support for separatist rebels in eastern Ukraine as the reason for the sanctions. Russia has denied any involvement in the conflict and has criticized the EU’s actions as unjustified. Relations between the EU and Russia have been strained for years, but the situation has escalated in recent months due to the ongoing conflict in Ukraine.


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