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Austrian bank has until end of year to submit plan for exiting Russia (Photo: rbinternational.com)

Austrian bank under pressure, as Vienna lifts EU-sanctions veto

An EU ban on Russian diamonds can start from 1 January as planned, after Vienna agreed to let Kyiv keep an Austrian bank under pressure over trade in Russia.

Austria "lifted the reserve", its EU embassy told EUobserver late on Saturday evening (16 December).

Vienna had introduced a last-minute legal brake, called a "study reserve", on the EU's 12th package of Russia sanctions on Friday morning, raising concern the measures could b...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Austrian bank has until end of year to submit plan for exiting Russia (Photo: rbinternational.com)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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