EU to draw up next round of Russian sanctions

EU leaders are planning to formulate options within a week for new sanctions against Russia, should Moscow not back down from its involvement in the Ukraine crisis.

"Should the situation stay as we see it today, or should there be further escalation, sanction in the areas the commission has looked at up until this point, such as on the energy and financial sector, will be heightened," says German Chancellor Angela Merkel.

Until 72 hours ago, EU leaders weren't expected to take any action against Russia. However, fresh news of rebel gains and a NATO warning that stated Russia had moved "well over 1,000 troops" across the border have prompted the EU to consider its next round of additional sanctions.


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Comments (10)
  • KJP712
    , contributor
    Comments (469) | Send Message
    Heat will be a four-letter word in Europe this winter.Coal barges will fill Atlantic Ocean shipping lanes very soon.Look at coal stocks and shipping companies for the next trade.That trade will go into overdrive if the volcano blows up in Iceland.
    31 Aug 2014, 11:29 AM Reply Like
  • Rseye
    , contributor
    Comments (1212) | Send Message
    a cold winter reminds me of nat gas ^
    31 Aug 2014, 09:47 PM Reply Like
  • kmi
    , contributor
    Comments (4598) | Send Message
    According to Wikipedia:
    "As of 2012 oil and gas sector accounted for 16% of the GDP, 52% of federal budget revenues and over 70% of total exports"


    Russia won't turn off the taps.
    1 Sep 2014, 09:52 AM Reply Like
  • BHT
    , contributor
    Comments (36) | Send Message
    Europe will only do eyewash sanctions. Nothing really serious.
    31 Aug 2014, 02:25 PM Reply Like
  • porta78
    , contributor
    Comments (29) | Send Message
    Imagine the American outrage if China built an impressive military alliance and tried to include Canada and Mexico.
    31 Aug 2014, 03:24 PM Reply Like
  • GoGowadof100s
    , contributor
    Comments (128) | Send Message
    Why does the West want war with Russia? To prevent a strong Russia to ally with China i guestimate.
    31 Aug 2014, 09:53 PM Reply Like
  • Sakelaris
    , contributor
    Comments (2649) | Send Message
    And yet conversely, this crisis drives Russia closer to China. All of Richard Nixon's work to separate Russia and China has been undone.
    31 Aug 2014, 11:25 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    The only world leader weaker than the ones in the EU is Obama. We can hear Putin laughing from here.
    31 Aug 2014, 04:16 PM Reply Like
  • James Sands
    , contributor
    Comments (2687) | Send Message
    Good thing Obama does not run the entire country like Putin....
    31 Aug 2014, 05:32 PM Reply Like
  • Hendershott
    , contributor
    Comments (1777) | Send Message
    Sold; If you don't like democracies maybe you should be somewhere else! Vladimir would be happy to have you.
    1 Sep 2014, 06:02 PM Reply Like
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