23 Jul 2014
The EU and further sanctions against Russia – Danske Bank
FXStreet (Edinburgh) - The EU would look to accelerate the implementation of sanctions against Russia, suggested Jens Pedersen, Analyst at Danske Bank.
Key Quotes
“Yesterday, the EU decided to speed up the implementation of planned sanctions against Russia in addition to adding new names and organisations to the list of individuals and organisations affected by the sanctions”.
“The current and planned measures are so-called ‘phase 2’ sanctions but pressure is mounting on the EU to take a step further and introduce ‘phase 3’ sanctions, which target economic sectors”.
“In particular, the arms trade has been mentioned as a sector that could be hit by sanctions next if Russia does not contribute to defusing the conflict”.
Key Quotes
“Yesterday, the EU decided to speed up the implementation of planned sanctions against Russia in addition to adding new names and organisations to the list of individuals and organisations affected by the sanctions”.
“The current and planned measures are so-called ‘phase 2’ sanctions but pressure is mounting on the EU to take a step further and introduce ‘phase 3’ sanctions, which target economic sectors”.
“In particular, the arms trade has been mentioned as a sector that could be hit by sanctions next if Russia does not contribute to defusing the conflict”.