The EU is poised to switch to the so-called "stage three" of the economic sanctions against Russia — blocking “access to capital markets, defence [contracts], dual use goods, and sensitive technology including in the energy sector” — at the end of the week for its support to the pro-Russian rebels in Eastern Ukraine. On 25 July the EU imposed a travel ban and asset freeze on 15 people and 18 entities in Russia. According to EUobserver, however "there will be limits on the kind of debt that Russian firms cannot buy, loopholes for France to deliver a warship to Russia, and language on the 'reversibility' of sanctions if Putin makes nice."
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