December 18, 2014 - 16:15 AMT
EU slaps sanctions on European investment in Crimea

European Union governments adopted tighter restrictions on European investment in Crimea on Thursday, Dec 18 targeting Russian Black Sea oil and gas exploration and tourism, an EU official said, according to Reuters.

The new restrictions, approved by the EU's 28 governments just before the bloc's leaders discuss the Ukraine crisis and relations with Russia at a Brussels summit, will take effect on Saturday, the official said.