World News
EU mulls sanctions for Russia─── 12:56 Tue, 29 Jul 2014
Brussels - Ambassadors from the 28 EU member states are engaged in talks to draw up a "a strong package of sectoral sanctions" aimed at hitting Russia where it hurts.
This as Moscow insists the West can do it little harm and shows no sign of reversing course in Ukraine. The leaders of the United States, Germany, France, Britain and Italy yesterday put aside their differences and agreed for the international community to "impose further costs" on Russia.
The alleged shooting down of Malaysia Airlines flight MH17 by pro-Moscow rebels with a Russian-made missile has seen EU holdouts against broader sanctions such as Italy and Germany change tack, agreeing to accept real pain in order to change the mind of President Vladimir Putin.
The International Monetary Fund warned last week that those economies with "very active and direct trade links with Russia, particularly in eastern and central Europe and central Asia," would be worst affected by the new measures.
Sapa
