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EU outlaws investment in Crimea; targets oil sector, cruises
Published Thu, Dec 18, 2014 · 09:50 PM
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Brussels
THE European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports.
The new measures, which EU governments have signed off on and will take effect on Saturday, reinforce the EU's policy of not recognising Moscow's annexation of Ukraine's Crimea region in March.
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