You're reading: Bloomberg Businessweek: Choking Russia’s banks would be the ultimate sanction

The European Union is poised to hit Russia with a fresh round of sanctions amid mounting evidence of direct Russian military intervention in southeastern Ukraine. EU leaders said on Aug. 31 after a weekend summit meeting in Brussels that they’ll decide within a week on possible new penalties against Moscow. Meanwhile, Ukrainian officials are meeting with pro-Russian separatists in Minsk on Sept. 1 for preliminary peace talks.

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