EU To Go Ahead With Sanctions Against Russia Despite some reports that member states were pushing for further sanctions to be held following the announcement of the ceasefire in Minsk on Friday, it is being reported that the EU will go ahead and impose further sanctions on Russia: The BBC reports: A European Commission spokeswoman said the new sanctions package targeting Russian firms and officials is due to be formally adopted by member states through a written procedure later today, so the procedure is ongoing. It will then be published in the official journal of the EU, which should happen in the course of tomorrow at the latest as plans currently stand, she said. Publication in the journal puts the sanctions into effect. Russia has threatened to close its airspace to European carriers in the event of further sanctions. Speaking to Vedomosti, the Russian prime minister, Dmitry Medvedev, said that: We proceed from the basis that we have friendly relations with our partners, and because of this, the skies above Russia are open to overflight. But if we are restricted, we have to respond. If Western carriers have to fly outside of our airspace then it could lead to the bankruptcy of many aviation companies, which are already surviving on the brink. The EU sanctions are reported to target several key Russian energy companies: EU PUT RUSSIAN OIL COMPANIES ROSNEFT, TRANSNEFT AND GAZPROMNEFT ON SANCTIONS LIST BANNING THEM FROM RAISING CAPITAL, LOANS IN EU-EU DIPLOMAT
Posted on: Mon, 08 Sep 2014 14:20:28 +0000
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