BRUSSELS, July 16 European Union leaders will
work to block loans for new projects in Russia by two
multilateral lenders and broaden the scope of other sanctions in
response to Moscow's actions in Ukraine, according to a draft
statement seen by Reuters on Wednesday.
EU leaders, who meet in Brussels later on Wednesday, will
ask the European Investment Bank to suspend financing of new
Russian public sector projects, the draft statement said.
EU countries will also work together to suspend funding for
new projects in Russia through the European Bank for
Reconstruction and Development, it said.
The EU will also broaden the scope of asset freezes to
target companies and other organisations that undermine
Ukraine's sovereignty, the draft statement said.
(Reporting by Barbara Lewis, writing by Adrian Croft; editing