BRUSSELS/NEWPORT, Wales, Sept 5 (Reuters) – The European
Union slapped new economic sanctions on Russia on Friday, but
said they could be suspended if Moscow withdraws its troops from
Ukraine and observes a ceasefire.
Some provisions will make it harder for Russian state-owned
firms to raise finance in the EU. Diplomats expect them to hit,
among others, the oil company Rosneft and units of Gazprom,
though not the gas firm itself, a main supplier to the EU.
BRUSSELS, Sept 4 (Reuters) – European Union governments are
considering a pan-European market where smaller companies can
raise capital, in an effort to revive the stagnating euro zone
economy, according to a document prepared for a meeting of
finance ministers next week in Italy.
The euro zone’s faltering economic recovery will be at the
forefront of discussions at the two-day meeting in Milan from
Sept. 12. With interest rates already at record lows, ministers
are seeking more radical measures to help growth.
BRUSSELS (Reuters) – Envoys of European Union governments held further discussions on Wednesday on widening a ban on Russian state-owned firms raising capital in the bloc among a range of other sanctions, diplomats and officials said.
Following a decision by EU leaders at a weekend summit to prepare heavier penalties unless Moscow pulls forces from Ukraine, the European Commission, the EU executive, said it had completed proposals for what measures should be taken.
BRUSSELS, Sept 3 (Reuters) – Russia’s ban on imports of food
from Europe, part of its response to EU sanctions imposed over
the Ukraine crisis, could cost the European Union 5 billion
euros ($6.6 billion) a year, according to an internal EU
document seen by Reuters.
Russia, which is the EU’s second biggest food market after
the United States, decreed the one-year ban on Aug. 6. on
European fruits and vegetables, dairy products and meat,
accounting for almost half of the bloc’s food exports to Russia.
BRUSSELS, Sept 3 (Reuters) – The United States is
considering limiting hi-tech exports to Russia’s Arctic oil and
gas industry as part of plans to strengthen sanctions against
Moscow over the crisis in Ukraine, a U.S. envoy said on
On the eve of a NATO summit in Wales, the United States is
expected to join the European Union in imposing new sanctions on
Russia after EU leaders agreed at the weekend that the direct
engagement of Russian troops in Ukraine in support of separatist
rebels merited such a step.
BRUSSELS/DONETSK Ukraine (Reuters) – EU officials proposed sanctions on Tuesday to starve Russian firms of cash as punishment for Moscow’s role in Ukraine, where rebels said they were storming Donetsk airport, potentially their biggest prize since turning the war’s tide last week.
Western countries accuse Moscow of sending armored columns of troops into Ukraine, where the momentum in a five-month war shifted last week decisively in favor of pro-Russian rebels, who are now advancing on a new front towards a major port.
PARIS/BRUSSELS (Reuters) – At first sight, the European Union’s new leadership team looks like a missed opportunity.
Jean-Claude Juncker, Donald Tusk and Federica Mogherini seem a less than ideal crew to tackle the EU’s biggest challenges – dynamising a stagnant economy, standing up to Russia over Ukraine and preventing Britain from drifting away from Europe.
BRUSSELS/KIEV (Reuters) – European officials proposed sweeping new sanctions on Tuesday to starve Russia’s companies of capital and technology as punishment for Moscow’s intervention in Ukraine, where Kiev officials said Russia was bolstering an “invasion” force.
Western countries accuse Moscow of sending armoured columns of troops into Ukraine, where the momentum in a five-month war shifted last week decisively in favour of pro-Russian rebels, who are now advancing on a major port.
BRUSSELS, Sept 2 (Reuters) – The European Union is
considering widening to all Russian state-owned firms a ban on
borrowing or raising capital in Europe, as a means of stepping
up pressure on Russia over its involvement in Ukraine, diplomats
said on Tuesday.
The bloc is also looking at barring Russian Defence Minister
Sergei Shoigu from entering the EU, the diplomats said.
1 (Reuters) – European Union governments
were asked to nominate candidates by the end of July to serve on
the executive European Commission, which proposes and enforces
laws affecting the bloc’s 500 million citizens.
Commission president-elect Jean-Claude Juncker will then
decide who gets which portfolio. The economics, internal market,
competition, trade and energy jobs are particularly coveted.