Russia warns against sanctions

Russia warns against sanctions
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Highlights

Russian Foreign Ministry vowed on Saturday to react if the European Union implements new sanctions against Moscow over its role in the Ukraine crisis.

‘Will react if EU implements new sanctions’

  • Sanctions will target more individuals with travel bans & asset freezes
  • New sanctions will be formally implemented on Monday: EU

Moscow: Russian Foreign Ministry vowed on Saturday to react if the European Union implements new sanctions against Moscow over its role in the Ukraine crisis.

Earleir, the European Union said it had agreed on a new package of economic sanctions against Russia, despite a ceasefire between government forces and pro-Kremlin rebels in Ukraine.
Ukrainian army soldiers congratulate their comrade who returned alive from the battlefield in the port city of Mariupol on Friday, shortly after the announcement of a ceasefire between the government and Russian-backed separatist rebels. (AP/PTI)
The sanctions tighten existing measures imposed in July, targeting more individuals with travel bans and asset freezes, as well as tightening access to capital markets for Russian oil and defence companies.

European Council President Herman Van Rom puy and European Commission chief Jose Manuel Barros said in a letter to European leaders that the new measures were an "effective tool" to "reinforce the principle that EU sanctions are directed at promoting a change of course in Russia's actions in Ukraine".

The new sanctions would be formally implemented on Monday, they added. The agreement came despite the signing of a ceasefire agreement between Ukrainian officials and rebels after talks yesterday in Minsk, the capital of Belarus.

Rivals trade accusations of truce violations
Donetsk: Pro-Russian rebels and the Ukrainian military accused each other Saturday of breaking a tenuous Kremlin-backed truce only hours after it came into force across the war-battered east. Although the situation overall appeared to be calm, the rival claims underscore the fragility of the deal that aims to end five months of bloodshed but contains no framework for a political solution to an insurgency still threatening to tear apart Ukraine.

"The ceasefire's terms are not being observed," Vladimir Makovich, a leading member of the "parliament" established by the self-proclaimed Donetsk People's Republic, told AFP.

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