In view of difficulties in implementing sanctions against Russia, the Commission is examining options for an EU-wide sanctions authority. Financial Markets Commissioner Mairead McGuinness told the Financial Times that it was open to the idea of establishing a European version of the Office of Foreign Assets Control (Ofac). The US Treasury Department agency implements US government sanctions.
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the Europe.Table? Log in now