Official: EU could sanction more Russian banks

A natural space for further sanctions against Russia are those against banks that are already being sanctioned by the United States, the head of the European Policy Coordination section of the Office of the Government Štěpán Černý said in the Chamber of Deputies on Wednesday.

Specifically, he referred to banks that are used for fossil fuel supply payments by EU member states. As soon as their will be political will to cut these supplies it will be possible to start sanctioning these banks, Mr Černý said. One possibility on how to do this would be to store payments into a reserve fund with a payout to the concerned state only possible once it would begin behaving responsibly again, the official said.