US, Britain Discuss New Russia Sanctions
World Economy

US, Britain Discuss New Russia Sanctions

The US and Britain on Saturday discussed new sanctions against Russia as Ukraine’s week-old cease-fire unravels, though it was unclear if the allies were on the same page about increasing pressure on an economy that means far more to Europe, El Paso reported.
As Ukraine’s military and Russia-backed separatists blamed each other for the continued attacks, US Secretary of State John Kerry and British Foreign Secretary Philip Hammond held Moscow responsible. Kerry accused the Russians of “land-grabbing” in Ukraine while cynically speaking of peace.
The top American diplomat pointed specifically to the strategic port of Mariupol, which Ukrainian forces say is threatened by a buildup of rebel military equipment. If the rebels seize the city, they would establish a land corridor between mainland Russia and the Russia-annexed Crimean Peninsula.
“What’s happening with respect to Mariupol even now is just simply unacceptable, so we are talking about additional sanctions, additional efforts,” Kerry told reporters.
The message to Russian President Vladimir Putin’s government, he said, would be: “We’re not going to play this game. We’re not going to sit there and be part of this kind of extraordinarily craven behavior at the expense of the sovereignty and integrity of a nation.”
Ukrainian forces on Saturday reported attacks over the past day that killed a serviceman and wounded 40, with mortars reaching the fringes of Mariupol, among other places. The rebels said Ukrainian forces shelled 15 locations overnight, including parts of Donetsk, the largest separatist-controlled city.
An agreement reached by the leaders of Ukraine, Russia, Germany and France last week called for the guns to go quiet Sunday, followed by a retreat of heavy weaponry from the front lines. International monitors have reported no such activity.
The US has warily backed the diplomatic effort despite little faith in the Kremlin changing course. Washington repeatedly has invoked the threat of new sanctions if Russia doesn’t cut off the separatists.
Economic measures against Russia in the past year has severely damaged the country’s economy, but done little to change the calculus of Putin’s government in Ukraine.
It’s unclear whether the US has sufficient support among its partners in Europe for a new round of trade or financial restrictions. Europe’s participation is seen as necessary, given its far deeper economic relationships with Russia.
Hammond criticized what he termed Russia’s “continued aggression” and systematic violations of the cease-fire agreement. But he did not explicitly mention sanctions.
“We will talk about how we maintain European Union unity and US-European alignment in response to those breaches,” Hammond said.


Short URL : http://goo.gl/K1xhGE

You can also read ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...