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Charles Hendry MP

Conservative MP

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Stories involving Charles Hendry

EU mulls tough Russian financial curbs

EU diplomats are considering sweeping sanctions on Russia, including banning all European citizens from buying new debt issued by the country’s banks.

According to a European Commission proposal seen by the Financial Times, Russian banks would also be prevented from using London or other EU stock markets to raise funds.

“[T]he measure would consist in prohibiting any EU persons from investing in debt, equity and similar financial instruments with a maturity higher than 90 days, issued by state-owned Russian financial institutions…anywhere in the world,” the document reportedly states.

It comes as the leader of pro-Russian rebels denied that his forces had possession of the Buk missile believed to have brought down the MH17 airliner.

"No, we didn't get a Buk. There were no Buks in the area,” Alexander Borodai, leader of the self-declared Donetsk People's Republic (DPR), told the BBC.

British investigators have today begun examining the flight data recorder from the downed Malaysia Airlines plane.


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