EU Implements Fresh Sanctions On Russia

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European Union member states have formally adopted a fresh package of sanctions against Russia despite Moscow’s retaliation warnings.

European Council President Herman Van Rompuy announced the sanctions on Monday saying that their implementation will take place over the next few days.

The new measures include restrictions on large Russian state-owned oil companies raising money on European financial markets.

However, the new measures will come into effect “in the next few days”, not on Tuesday as some had expected.

Russia denies accusations by Ukraine and the West that it has been sending troops to help pro-Russian rebels.

EU Council President Herman van Rompuy said the measures were aimed at “promoting a change of course in Russia’s actions destabilising eastern Ukraine”.

But the 28-member bloc is being deliberately vague about when they will come into force, to allow time to assess the implementation of a ceasefire agreed on Friday, BBC Europe correspondent Chris Morris reports.

Depending on the situation on the ground, the EU stands ready to review the agreed sanctions in whole or in part,” van Rompuy said.

The ceasefire appears to be holding, although the head of the Organization for Security and Cooperation in Europe, which brokered the deal, described it on Monday as “shaky”.

Before the truce came into place, pro-Russian separatists made big gains in eastern Ukraine and seized territory a few miles outside the strategic south-eastern port city of Mariupol.

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

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