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Europe wavering on sanctions

Posted by seumasach on July 28, 2014

More Signs of Doubt in Europe About the Costs of Siding With Ukraine

Naked Capitalism

28th July, 2014

This week, the US hopes to get the EU to agree to impose so-called tier three sanctions on Russia to punish them for their alleged role in the downing of MH17 and for supporting the rebels in Ukraine. That would includeprohibiting investment in Russian equity and debt of Russian banks more than 90 days maturity by European citizens as well as barring EU banks from sourcing funding for them on a regulated market.

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