The #EU plans to widen economic sanctions against #Russia , but #London, already on rocky ground with the EU, would be hit the hardest if tougher restrictions are slapped on Russia’s big state banks.If agreed, EU sanctions would apply to all Russian banks that are more than 50 percent state-owned. Sberbank, VTB, the country’s two largest lenders, are both listed on the London Stock Exchange and have offices there.If Russian banks get hit the ripples will be felt across the English Channel and in the heart of the world’s financial center- the City of London.Between 2004 and 2008, Russia’s top two lenders raised $16.4 billion in floatations, and a ban would cost London hundreds of millions of pounds, The Times reports.Between 2004 and 2008, Russia’s top two lenders raised $16.4 billion in floatations, and a ban would cost London hundreds of millions of pounds, The Times.