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EU summit to discuss next steps for Russian sanctions

Jun. 27, 2014 4:15 AM ETRSX, RBL, ERUS, RSXJ, RUSL, RUSS, RUDRBy: Yoel Minkoff, SA News Editor
  • As Ukraine readies to sign its controversial EU trade deal this morning, western countries will also be debating if Russian sanctions will need to be increased. The U.S. and Germany are insisting the EU broaden sanctions against entire sectors of the Russian economy, including energy, finance and defence. On the opposing end, Italy has expressed concerns that widening sanctions right after the EU trade deal is signed can backfire miserably.
  • The talks at the EU summit follow a week-long failed ceasfire between Ukraine and separatists, and the declaration of a newly formed confederation called "New Russia," by the breakaway People’s Republics of Donetsk and Lugansk.
  • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR

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