EU Readies New Wave of Sanctions Against Russia

The EU is preparing a new wave of sanctions relating to Russia's full-scale assault on Ukraine, according to people familiar with the matter, Bloomberg reported March 13. The new wave of restrictions include Roman Abramovich, owner of Chelsea Football Club, who was listed by the U.K. last week, along with over a dozen other prominent Russians, Bloomberg said. Other would-be sanctioned individuals include Tigran Khudaverdyan, executive director of Russian internet search engine Yandex NV, and Viktor Rashnikov, owner of Magnitogorsk Iron & Steel. The new restrictions were expectedto be finalized as early as March 14 but the European Council has not announced any updates.