He stated that the list of persons, whose "access to property and freedom of movement" will be restricted, is now discussed in the EU.
At the same time, the foreign minister of Germany noted that issue of strengthening sanctions against Russia is not planned to be addressed at the EU foreign ministers' meeting in Brussels Nov. 17.
Steinmeier believes that "the economic pressure is already significant today - to a lesser extent as a result of sanctions, and largely due to capital outflow, investments insecurity, devaluation of the national currency and reduction of oil prices."
The Foreign Minister also noted that the situation in the east of Ukraine in comparison with the end of September has significantly deteriorated, and he will try to "sound out whether there is a chance to prevent further escalation of the conflict" during his visit to Kyiv and Moscow on Tuesday, Nov. 18.
Furthermore, Steinmeier considers it rational to gather representatives of the EU and the Eurasian Economic Union at the same table, to reduce tensions between the EU and Russia.
"If one remembers Russia's nervous reaction to the agreement on free trade zone between the EU and Ukraine and how the European Union responds nervously to the project of the Eurasian Economic Union (EAEC), it is worth bringing representatives of the EU and the EAEC together for the first contact," the Minister said.