EU to Decide on New Sanctions Against Russia Within Week

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The participants of the EU Summit have asked the European Commission to prepare proposals for new economic sanctions against Russia within one week, German Chancellor Angela Merkel said on Sunday.

“We said that should there be a further escalation as we had actually experienced, we may need to take additional decisions. We mandated the Commission to prepare the grounds for measures that can be taken and they have to decide on that within a week,” 

Angela Merkel told journalists after the special meeting of European Council.However, the decision on sanctions will not affect the trilateral gas talks between the European Union, Russia and Ukraine.
 “We will irrespective of that also address questions related to gas,” said Merkel, noticing that there has been progress on gas talks since the meeting in Minsk.

US May Introduce New Sanctions Against Russia Over Iran Oil Deal - Reports

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The United States may introduce new sanctions against Russian companies due to the recently signed oil deal between Moscow and Tehran, the US Treasury’s Under Secretary for Terrorism and Financial Intelligence David Cohen said Thursday, as reported by Reuters. Although it was still unclear whether Russia and Iran had agreed on an oil-for-goods swap, Cohen said Washington had warned Russia against such a deal under the threat of additional US sanctions, according to Reuters.

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US Senators Call for New Sanctions on Russia

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US senators called on their President Barack Obama to impose new sanctions against Russia, specifically the energy, finance and defense sectors of Russia’s economy, a letter from the senators addressed to the US president said.

“We urge you to implement your power in order to impose broader sanctions against Russia’s defense sector immediately, including state company Rosoboronexport. Russians must stop providing weapons, equipment and training to separatists in eastern Ukraine. We also urge you to consider further sanctions targeting energy, finance and other sectors of Russian economy,” the letter said.

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