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Reuters
Reuters
Business

EU to sanction Credit Bank of Moscow, Russian Agricultural Bank -sources

FILE PHOTO: The logo of Credit Bank of Moscow is on display outside its branch in Moscow, Russia, June 7, 2016. REUTERS/Sergei Karpukhin/File Photo

The European Commission has proposed sanctions against Credit Bank of Moscow and the Russian Agricultural Bank, two EU sources told Reuters on Wednesday.

Earlier on Wednesday the head of the EU commission, Ursula von der Leyen, said that Sberbank would also be sanctioned. EU governments need to back the proposal before it is adopted.

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