Stock Market News
EU considers sanctions against Ukraine
20-02-2014 15:14
Add To Google +1 | Tweet |
The European Union (EU) is considering sanctions against those responsible for violence in Ukraine that has left more than 50 people dead.
Foreign ministers of France, Germany and Poland were scheduled to travel to Kiev on Thursday to meet Ukrainian president Viktor Yanukovich and opposition leaders.
EU officials cautioned that the text of proposed sanctions would be subject to revisions.
Their decision on sanctions could be influenced by Yanukovich's response to calls to compromise with pro-EU opponents after days of unrest.
"In light of the deteriorating situation, the EU has decided as a matter of urgency on targeted measures against those responsible for violence and use of excessive force," the EU said in a draft statement obtained by Reuters.
"At the same time, member states have decided to implement an arms embargo and a ban on equipment used for internal repression."
The draft text added that the EU was "appalled and deeply dismayed by the deteriorating situation in Ukraine".
According the text, the EU said any further escalation of riots including the introduction of a state of emergency, or the use of the armed forces against protesters must be avoided.
Three months ago the EU had hoped Ukraine would sign a far-reaching trade and cooperation deal with Brussels, but Yanukovich turned it down in late November.
The nation instead won a $15bn bailout deal from Russia, which sparked weeks of street protests that picked up this week.
RD
Foreign ministers of France, Germany and Poland were scheduled to travel to Kiev on Thursday to meet Ukrainian president Viktor Yanukovich and opposition leaders.
EU officials cautioned that the text of proposed sanctions would be subject to revisions.
Their decision on sanctions could be influenced by Yanukovich's response to calls to compromise with pro-EU opponents after days of unrest.
"In light of the deteriorating situation, the EU has decided as a matter of urgency on targeted measures against those responsible for violence and use of excessive force," the EU said in a draft statement obtained by Reuters.
"At the same time, member states have decided to implement an arms embargo and a ban on equipment used for internal repression."
The draft text added that the EU was "appalled and deeply dismayed by the deteriorating situation in Ukraine".
According the text, the EU said any further escalation of riots including the introduction of a state of emergency, or the use of the armed forces against protesters must be avoided.
Three months ago the EU had hoped Ukraine would sign a far-reaching trade and cooperation deal with Brussels, but Yanukovich turned it down in late November.
The nation instead won a $15bn bailout deal from Russia, which sparked weeks of street protests that picked up this week.
RD
Related share prices |
---|
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- RBS share price
- Diageo share price
- Standard Life Share Price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- Morrisons Share Price
- Aviva Share Price
- LGO Share price
- Tullow Oil Share Price
- SXX Share Price
- Easyjet Share Price
- Next Share Price
- Thomas Cook Share Price
- SSE Share Price
- IAG Share Price
- Bat share price
- Monitise Share Price
- Kingfisher share price
- Dragon Oil share price
- UKOG share price
- SOLG share price