World Economy

EU to Weigh Moscow Sanctions

EU to Weigh Moscow SanctionsEU to Weigh Moscow Sanctions

The European Union will consider extending economic sanctions against Russia, but will stop short of tightening them, foreign-policy chief Federica Mogherini said, Bloomberg reported. Trade and investment curbs to punish Russia for its takeover of Crimea and intervention in eastern Ukraine in 2014 are set to lapse on July 31 and require a unanimous 28-nation vote to be prolonged. “We will have a political discussion in the coming weeks with the member states on the rollover of existing sanctions,” Mogherini told reporters in Brussels on Friday. “There is no discussion at the moment on increasing the level of sanctions.”