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Russian Federation

Russian-owned VTB Bank will be impacted by EU sanctions against Russia's economy. A monument of Soviet state founder Vladimir Lenin stands on the top of a building.

With new sanctions, the EU launches a broad economic attack on Russia

Global Politics

European leaders agreed Tuesday to impose tough economic sanctions against Russia. The new measures are designed to place broad pressure on the Russian economy and force Vladimir Putin into de-escalating tensions in eastern Ukraine. But will the new measures work?European leaders agreed Tuesday to impose tough economic sanctions against Russia. The new measures are designed to place broad pressure on the Russian economy and force Vladimir Putin into de-escalating tensions in eastern Ukraine. But will the new measures work?