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Jul 26, 2014

EU edges to economic sanctions on Russia but narrows scope

BRUSSELS (Reuters) – The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector.

The sanctions on access to capital markets, arms and hi-tech goods are also likely to apply only to future contracts, leaving France free to go ahead with the controversial delivery of Mistral helicopter carriers being built for Russia.

Jul 25, 2014

EU reaches preliminary deal on Russia economic sanctions

BRUSSELS, July 25 (Reuters) – European Union ambassadors
reached a preliminary agreement on Friday to push ahead with
hard-hitting economic sanctions against Russia over the Ukraine
crisis but details remained to be worked out, diplomats said.

The 28-nation EU has toughened its stance towards Moscow
since last week’s downing of a Malaysian airliner in an area of
eastern Ukraine held by Russian-backed separatists.

Jul 24, 2014

EU targets state-owned Russia banks in sanctions plan

BRUSSELS (Reuters) – The European Union would target state-owned Russian banks vital to financing Moscow’s faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.

Ambassadors of the 28-nation bloc met in Brussels to discuss options drafted by the executive European Commission in response to the downing of a Malaysian airliner in an area of eastern Ukraine held by Russian-backed separatists.

Jul 23, 2014

No quick decision seen on tougher EU sanctions on Russia

BRUSSELS, July 23 (Reuters) – European Union ambassadors
will debate proposals on Thursday on restricting Russian access
to Europe’s capital markets and defence and energy technology
but are not expected to make a quick decision.

Ambassadors from the 28 EU nations are expected to agree on
Thursday to add the names of some Russian companies that are
helping to undermine Ukraine’s sovereignty to the bloc’s
sanctions list, using new expanded criteria.

Jul 23, 2014

EU freezes assets of two firms accused of supplying oil to Syria

BRUSSELS, July 23 (Reuters) – The European Union on
Wednesday froze the assets of two oil- trading firms accused of
organising covert shipments of oil to Syria.

They were among nine organisations and three people added
to the EU’s Syria sanctions list, published in the bloc’s
Official Journal. Also listed were branches of the Syrian
Defence Ministry.

Jul 22, 2014

EU readies possible capital, tech sanctions on Russia

BRUSSELS (Reuters) – The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner, but it delayed action for a few days.

Efforts to forge a united front were hampered by a French announcement that the planned delivery of a warship to Moscow would go ahead despite U.S. and British pleas to halt it.

Jul 22, 2014

EU ministers threaten Russia with sanctions but action unsure

BRUSSELS (Reuters) – European Union foreign ministers threatened Russia on Tuesday with harsher sanctions over Ukraine, but tougher talk may not be matched by much action after France’s president signaled the disputed delivery of a warship to Moscow would go ahead.

The 28 EU ministers met under growing pressure from the United States and Britain to step up sanctions after the downing of a Malaysian Airlines plane last week in an area of eastern Ukraine controlled by Russian-backed separatists.

Jul 16, 2014

EU to target Russian firms with sanctions, block loans

BRUSSELS (Reuters) – European Union leaders agreed on Wednesday to sanction Russian companies that help destabilise Ukraine and to block new loans to Russia through two multilateral lenders.

The decision is a significant ratcheting-up of European pressure on Russia although it falls short of the hard-hitting economic measures against Russia for which the United States and hawks in the EU were pushing.

Jul 16, 2014

EU wants to block new loans to Russia through EIB, EBRD: draft

BRUSSELS (Reuters) – European Union leaders want to block loans for new projects in Russia by two multilateral lenders and broaden the scope of other sanctions in response to Moscow’s actions in Ukraine, according to a draft statement seen by Reuters.

The EU leaders, who meet in Brussels later on Wednesday, will step up sanctions because pro-Russian rebels in eastern Ukraine have not met their demands to end the violence there.

Jul 15, 2014

EU may impose new Ukraine sanctions, will fall short of U.S. wishes

BRUSSELS (Reuters) – European Union leaders, under U.S. pressure to take a tougher stance towards Russia over the Ukraine crisis, could give the go-ahead on Wednesday to new sanctions but they will fall short of the far-reaching economic measures Washington wants.

EU leaders, who meet in Brussels on Wednesday evening, are likely to give a green light to expanding the list of Ukrainians and Russians targeted with EU asset freezes and visa bans, diplomats said.

    • About Adrian

      "I am part of Reuters UK reporting team, writing mainly about UK politics and foreign policy. My previous postings with Reuters were in Spain, Belgium, the United States, Colombia, Nicaragua and South Africa."
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