European politicians call for new sanctions on Russia over Ukraine

(Worthy News) – Several senior European politicians on Tuesday raised the possibility of new sanctions against Russia to punish it for capturing three Ukrainian vessels at sea, an incident the West fears could ignite a wider conflict.

A Russian minister said further sanctions would solve nothing and that the incident should not be used to derail the Minsk accord, which aims to end fighting in eastern Ukraine between Kiev’s forces and pro-Russian separatist rebels.

Russian assets have come under pressure on financial markets amid concerns that possible new sanctions could hurt the economy, though the rouble on Tuesday clawed back some earlier losses as investors bet any sanctions would not be swift. [ Source: Reuters (Read More…) ]

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