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EU wields Russia sanctions threat but timing vague

Published by Yahoo on Sun, 31 Aug 2014


By Alastair Macdonald and Andreas Rinke BRUSSELS (Reuters) - The European Union threatened Russia with new trade sanctions if Moscow fails to start reversing its action in Ukraine, but sharp divisions among leaders at a summit in Brussels left the timing of any measures uncertain. After a lengthy briefing by Ukrainian President Petro Poroshenko, who warned "full-scale war" was imminent if Russian troops continued an advance in support of pro-Moscow rebels, the EU leaders agreed on Sunday to have officials draw up within a week a list of new measures that could hit a range of sectors. The European Council called on Russia "to immediately withdraw all its military assets and forces from Ukraine" and urged a ceasefire.
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