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 Germany Expects Tough Sanctions on Russia by End of July

The German government believes the European Union could move to sanctions on sectors of the Russian economy by the end of July unless Russia acts quickly to defuse the crisis in eastern Ukraine.

Censor.NET reports about it, citing Reuters.

German officials in Brussels have also briefed that Berlin favours a time limit on how long new Russian sanctions should last to provide an opportunity for relations to return to normal, the EU source said.

Read also: Panic on Moscow Exchange due to Threat of new EU Sanctions

EU ambassadors will discuss for the first time on Thursday imposing sanctions on sectors of the Russian economy, known in EU jargon as "stage three" of sanctions.

German officials said "the transition to stage three of sanctions should follow seamlessly and can be expected by the end of the month," the EU source said.


 
 
 
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