Arab Today, arab today eu approves new sanctions as summit weighs russia crisis
Last Updated : GMT 17:45:31
Arab Today, arab today
Arab Today, arab today

EU approves new sanctions as summit weighs Russia crisis

Arab Today, arab today

Arab Today, arab today EU approves new sanctions as summit weighs Russia crisis

Russian President Vladimir Putin
Brussels - AFP

The EU agreed new sanctions against Russian-annexed Crimea Thursday to show resolve against Moscow as European leaders prepared to discuss Russia's spiralling financial crisis amid fears of the impact on their economies.
The leaders meeting at a summit in Brussels will also back a huge 315-billion-euro ($380-billion) investment plan aimed at kickstarting Europe's stalling economy, although pledges of hard cash are expected to be lacking.
The first summit led by new European Council president Donald Tusk, Poland's Kremlin-wary former premier, comes against a backdrop of the collapse of the ruble amid western sanctions and a drop in oil prices.
"The Russian economic situation will be in everyone's minds," a European diplomat said.
German Chancellor Angela Merkel said before heading to Brussels that Western sanctions against Russia remain "unavoidable" until President Vladimir Putin allows a free, united Ukraine.
"The goal of our actions is and will remain a sovereign and territorially intact Ukraine that can decide its own future," said Merkel, a frequent interlocutor with Putin who has taken a tougher tone recently.
"Until we reach that goal... sanctions remain unavoidable," she said.
Hours later, the EU officially approved additional sanctions on Crimea, the Ukrainian peninsula annexed by Moscow in March, banning all investment, restricting trade and even banning cruise liners from docking to shore.
The sanctions were drawn up by ministers in the run-up to the summit.
"The annexation is illegal and what we are doing is part of the non-recognition" policy, European Commission spokeswoman Maja Kocijancic said.
- 'Don't want to provoke Putin' -
But given the effect on their own economies of the recent collapse of Russia's currency, leaders at the summit are wary of expanding sanctions as they did after the shooting down of MH17 Malaysia Airlines flight in July.
The EU "is not in a hardening mindset," another diplomat said, while another added: "We don't want to provoke Putin too much."
Hungarian Prime Minister Viktor Orban -- who has traditionally been closer to Putin and whose country counts Russia as its largest trading partner -- said Moscow's currency crisis was a concern.
"The weakening of the Russian currency negatively affects the Hungarian economy," Orban told a press conference in Budapest on Thursday. "Along with the EU sanctions, it gravely affects the Hungarian exports to Russia."
Western powers have repeatedly accused Russia of stoking the Ukraine crisis, which has killed at least 4,700 people and displaced close to one million, by supplying weapons and troops to the rebels -- which Moscow denies.
Putin appeared in no mood to compromise as he gave a press conference at the same time as EU leaders headed for Brussels.
He accused Western powers of trying to tear out the claws and teeth of the famed Russian "bear" and "make a stuffed figure out of it" -- while branding Ukraine's attempt to crush the separatist uprising as a "punitive operation".
- Investment plan -
In a statement before the summit, Tusk said: "The crisis in Ukraine remains a serious concern.... It is therefore important that we come out of this meeting with a clear political message."
The EU, which has already spent $1.6 billion on rescuing effectively bankrupt Ukraine, will reiterate that it is ready to do more, but only in return for reforms.
Also on the table will be Juncker's investment plan to revive the bloc's stalling economy, a plan that seems to have pitted Brussels against European governments who want backing for huge infrastructure plans.
On the eve of the summit, the head of the EU's executive branch urged EU leaders to open their wallets and add to the seed money that will be put in place over the next few months to launch the investment plan.
"I now wait for concrete proposals and not just 'talk-talk'. I need 'money-money,' hard cash now," Juncker said.
Meanwhile Tusk, a veteran of summits which he attended for seven years as Poland's prime minister, wants to break with the style of previous gatherings.
If all the subjects are wrapped up, the meeting could end Thursday evening, a first for European summits which often stretched late into a second day at the height of the eurozone debt crisis.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu approves new sanctions as summit weighs russia crisis Arab Today, arab today eu approves new sanctions as summit weighs russia crisis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu approves new sanctions as summit weighs russia crisis Arab Today, arab today eu approves new sanctions as summit weighs russia crisis

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday