Sanctions of European Union will include almost complete cessation of business relations with Russia

The Power of France intend to block all the accounts of Russians in respect of whom European sanctions were imposed in connection with the situation in Ukraine, the decision will be made in the coming hours, said the French Minister of Economy and Finance Brno Le Mayor before the init formal meeting of the European Union Hospitalies Paris.

His German colleague Christian Lindner said that sanctions would mean a “full blockade” of Russian banks and almost complete cessation of business relations with Russia.

“I instructed today to the general government of public finance to identify all the accounts of those Russians who are now under European sanctions. And we use all the necessary funds to block the accounts of the accounts of those political and economic figures of Russia in relation to which sanctions were imposed. These decisions will be accepted in the coming hours, “the lesor of the TASS quotes.

Lindner stated that transactions from Russian banks were terminated almost completely, but explained that there were exceptions: “We already have a full blockade of Russian banks. Thus, business relations with Russia are practically completed. In some cases, transactions are possible. For example, Paying gas supplies. For example, that German firms can make translations to their Russian “daughters”. New measures are possible, but their influence should be considered – this is the consequences of the Russian economy. “