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EU agrees first broad sanctions on Russia; Ukraine fighting kills dozens
Armed pro-Russian separatists stand guard on the suburbs of ShakhtarskBy Justyna Pawlak and Aleksandar Vasovic BRUSSELS/DONETSK Ukraine (Reuters) - The European Union agreed for the first time on Tuesday to impose broad sanctions against Russian oil companies, banks and defence firms, by far the strongest international action yet over Moscow's support for rebels in eastern Ukraine. The measures mark the start of a new phase in the biggest confrontation between Moscow and the West since the Cold War, which worsened dramatically after the downing of Malaysian flight MH17 over rebel-held territory on July 17 by what Western countries say was a Russian-supplied missile. Russia's state run banks would be barred from raising funds in European capital markets. Previously Europe had imposed sanctions only on individuals and organisations accused of direct involvement in threatening Ukraine, and had shied away from wider "sectoral sanctions" designed to inflict economic damage on its biggest energy supplier.
Publ.Date : Tue, 29 Jul 2014 13:54:02 -0400
Netherlands: new EU sanctions on Russia would have immediate effect
Dutch Foreign Minister Frans Timmermans said on Tuesday that sanctions on Russian capital markets being considered by European Union member states in response to the Ukraine crisis would have a "far-reaching and immediate effect". Speaking during a debate about the downing of a Malaysian airliner over rebel-held eastern Ukraine that killed 298 people, most of them Dutch, he said the sanctions would send a strong signal to Moscow that "you are on the wrong path". Earlier, Dutch Prime Minister Mark Rutte called Ukrainian President Petro Poroshenko to ask him to suspend military operations in the area where the airliner came down to allow international experts to reach the crash site.
Publ.Date : Tue, 29 Jul 2014 13:54:02 -0400
EU agrees economic sanctions on Russia
By Justyna Pawlak and Barbara Lewis BRUSSELS (Reuters) - The European Union reached agreement on Tuesday on the bloc's first broad economic sanctions on Russia over its role in Ukraine, diplomats said, marking a new phase in the biggest confrontation between Moscow and the West since the Cold War. The measures will shut state-owned Russian banks out of European capital markets and target the defence sector and sensitive technologies, including oil, but exclude the vital gas sector, on which Europe is heavily dependent. In contrast to the United States, the 28-nation EU, with bigger economic interests at stake, hesitated for months to take decisive action against Moscow. Washington believes flight MH17 was shot down in error by the separatists with a missile supplied by Russia.
Publ.Date : Tue, 29 Jul 2014 13:54:02 -0400
EU governments agree to impose economic sanctions on Russia
BRUSSELS (Reuters) - European Union governments reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defense, dual-use goods and sensitive technologies, diplomats said. The sanctions will be reviewed after three months, one diplomat said. (Reporting by Justyna Pawlak and Tom Koerkemeier; editing by Barbara Lewis)
Publ.Date : Tue, 29 Jul 2014 13:54:02 -0400

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