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7/23/14

Ukraine: No quick decision seen on tougher EU sanctions on Russia

European Union ambassadors will debate proposals on Thursday on restricting Russian access to Europe's capital markets and defense and energy technology but are not expected to make a quick decision.

Ambassadors from the 28 EU nations are expected to agree on Thursday to add the names of some Russian companies that are helping to undermine Ukraine's sovereignty to the bloc's sanctions list, using new expanded criteria.

But they will probably need more time to agree to go beyond the asset freezes so far imposed by the EU and restrict Russia's access to Europe's financial markets and technology.

Despite threatening tough action since Russia's annexation of Ukraine's Crimea region in March, the EU has been divided over imposing economic sanctions on its main gas supplier.

But the downing last week of a Malaysia Airlines plane over eastern Ukraine, killing 298 people, jolted the EU into action.

Foreign ministers for the first time this week singled out sectors of the Russian economy that the EU might target with sanctions in protest at Moscow's actions in eastern Ukraine.

The ministers said on Tuesday they could restrict Russia's access to capital markets, defense and sensitive technologies "including in the energy sector" unless Russia halts the flow of weapons across the Ukraine border.

Read more: No quick decision seen on tougher EU sanctions on Russia - Yahoo News

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