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EU targets Russian oil firms, banks with new sanctions

1 min

The EU has put into effect a raft of tough new sanctions against Moscow, targeting the oil, defence, and banking sectors. Russian authorities have threatened to retaliate, but the measures have pushed the rouble to a new low against the dollar. Meanwhile, Argentina passes a new law to by-pass a US court and pay its debts... and the IMF weighs in on Scotland’s referendum.

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