Europe weighs Russia sanctions, energy security at summit




 
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Europe weighs Russia sanctions, energy security at summit
 
March 20th, 2014  
News Manager
 

Topic: Europe weighs Russia sanctions, energy security at summit


Europe weighs Russia sanctions, energy security at summit
By Luke Baker BRUSSELS (Reuters) - European leaders hold critical talks on Thursday about how to tighten the screws on Russia following its seizure of Crimea, how to support Ukraine's stricken economy and how best to wean themselves off Russian oil and gas in years to come. With President Vladimir Putin celebrating Crimea's addition to the Russian Federation, and his officials mocking the EU's response so far, leaders are expected add around a dozen names to the 21 Russians and Crimeans already placed on a travel-ban and asset-freeze list. Speaking ahead of the summit, German Chancellor Angela Merkel said a discussion of financial sanctions - what the EU is referring to as phase three of its response - would take place at the summit, but no agreement on it is expected. "The (summit) will make clear that we are ready at any time to introduce phase-three measures if there is a worsening of the situation," Merkel said in a speech to parliament.




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