The European Union (EU) has moved to impose sanctions on Russia. These sanctions were due to the Russian invasion of Crimea in Ukraine. According to a March 12 report by Reuters, these sanctions were a “stronger response” than many had expected from the EU.
The EU plans to place travel bans on Russian citizens. Those on the list were accused by Brussels of “violating the territorial integrity of Ukraine.” At the time of publication, the list of those who would not be travel had yet to be finalized. The names of those people are also unknown. It is believed that the travel bans would keep “Russia's elite” from traveling to European cities.
Assets of Russian businesses will also be frozen. Just as with the travel ban, those businesses are also accused by Brussels of not respecting the territorial integrity of Ukraine. The businesses whose assets will be frozen are also unknown.
This is the first time that the European Union plans to impose sanctions on Russia since the Cold War. These sanctions are much like the measure that were recently announced by the American government.