Wednesday, September 10, 2014

EU to Assess Ukraine Cease-Fire as New Russian Sanctions Weighed

European Union governments reopen discussions about the viability of a cease-fire in Ukraine as the bloc weighs whether to pull the trigger on tougher sanctions against Russia. The scheduled talks in Brussels among diplomats from the 28 member nations follow the EU’s abrupt decision yesterday to put on hold for at least a “few days” a second package of economic penalities against Russia over its encroachment in Ukraine. The delay offered more time to assess the effectiveness of the cease-fire without risking further trade retaliation by the Kremlin. The planned sanctions -- originally due to be published in the Official Journal today -- include barring some Russian state-owned defense and energy companies from raising capital in the EU.

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