EU sets legal groundwork for more severe Russian sanctions

Written by on May 17, 2014 in Europe - Comments Off on EU sets legal groundwork for more severe Russian sanctions

The European Union is legally prepared to impose industry-wide sanctions against Russia, Swedish Foreign Minister Carl Bildt said at the Ukraine Crisis Media Center on May 16.

Sweden’s top diplomat said that at the May 12 EU foreign ministers meeting in Brussels, a “legal framework was put into place that didn’t exist before” for imposing sector-wide sanctions on Russia.

Bildt wouldn’t say what Russia would have to do for sectors like energy, banking and other interests to be targeted.

“We are vague for a specific reason, Russia shouldn’t be certain (with what it could get away),” added Sweden’s foreign minister.

For the full story, please visit The Kyiv Post.

(Photo of Bildt: EC Audiovisual Service)

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