Russia’s President Vladimir Putin attends a meeting in his Novo-Ogaryovo residence outside Moscow, on March 27, 2014.Putin said today Russia should create its own national payment settlement system, in a bid to reduce economic dependence on the West amid the controversy over Moscow’s seizure of Crimea. AFP PHOTO / RIA-NOVOSTI / POOL/ ALEXEI NIKOLSKY (Photo credit should read ALEXEI NIKOLSKY/AFP/Getty Images) EU diplomats will weigh sweeping Russian sanctions on Thursday that include a proposal to ban all Europeans from purchasing any new debt or stock issued by Russia’s largest banks, according to a proposal seen by the Financial Times. The sanctions measure, contained in a 10-page options memo prepared by the European Commission and distributed to national capitals, also proposes barring the Russian banks from listing new issues on European exchanges, preventing them from using London or other EU stock markets to raise funds from non-Europeans. More On this […]