The Czech Republic will push for a blanket ban on Russian travelers to the European Union The Czech government will push for an EU-wide ban on Russian travelers during a ministerial summit in late August, the country’s foreign minister, Jan Lipavsky, has said.

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The measure is necessary to support the ruble, according to the head of VTB, Andrey Kostin The CEO of Russia’s second-largest bank, VTB, has argued that the country must close loopholes that allow unregulated capital outflows. Andrey Kostin claimed that the current situation is damaging the ruble.