UPDATE2: EU sanctions six Russian firms over bridge to Crimea - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE2: EU sanctions six Russian firms over bridge to Crimea

(Adds details in sixth paragraph)

BRUSSELS/SIMFEROPOL, Crimea/KIEV, Jul 31 (PRIME) -- The E.U. Council has added six Russian companies to the sanctions list over construction of a bridge across the Kerch Strait, the E.U. said in a corporate magazine on Tuesday.

The entities include Institute Giprostroymost, Mostotrest, Zaliv Shipyard, Stroygazmontazh Corporation, Stroygazmontazh Most, and VAD.

УThey are listed because of their involvement in the construction of the Kerch Bridge, connecting Russia to the illegally annexed Crimean peninsula. Through their actions they supported the consolidation of RussiaТs control over the illegally annexed Crimean peninsula, which in turn further undermines the territorial integrity, sovereignty and independence of Ukraine,Ф the E.U. said.

The measures consist of an asset freeze, meaning that all of the assets in the E.U. belonging to these entities are frozen and E.U. persons and entities cannot make any funds available to them.

The decision brings the total number of entities listed by the E.U. to 44.

UkraineТs Ministry for Temporarily Occupied Territories and Internally Displaced Persons (IDPs) has sent proposals to the government to introduce sanctions against 19 Russian companies and 22 individuals connected with construction of the Crimean bridge.

A spokesperson for the Crimean BridgeТs information center said the new E.U. sanctions will not affect the implementation of projects in Crimea.

Anastasia Gurina, press secretary of CrimeaТs state road committee, said that sanctions against VAD will not affect the terms of the Tavrida highway construction.

УWe know about general contractor of the Tavrida highway being included in the E.U. sanctions list. This will have no impact on the implementation of projects. All contracts with VAD will be fulfilled to a good quality and on schedule,Ф she said.

The 250.7-kilometer Tavrida highway will connect Kerch with Simferopol and Sevastopol. The first stage of the project is expected to be completed by the end of 2018 and the second one by the end of 2020.

(62.7805 rubles Ц U.S. $1)

End

31.07.2018 12:54
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 79.1749 -0.1846 19 sep
USD 67.7519 -0.4439 19 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1123.03 +2.14 18:50 18 sep
micex 2402.58 +1.21 18:50 18 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 157.08 +1.04 18:49 18 sep
lkoh 4685.00 +1.17 18:48 18 sep
rosn 440.40 -0.20 18:49 18 sep
sber 191.65 +1.88 18:49 18 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 79.1900 -0.2175 14:59 18 sep
USDTD 68.0075 -0.0025 17:44 18 sep