Skip to main content

RUSSIA FACES MORE SANCTIONS ON UKRAINE CONFLICT, WARNS G7

By

Ukraine conflict: Russia faces more sanctions, warns G7

MH17 crash

G7 leaders say Russia will face further economic sanctions if it continues to support rebels in Ukraine.
The group of leading industrialised nations said Russia had undermined "Ukraine's sovereignty, territorial integrity and independence."
The warning came after the EU added eight more Russians to its sanctions.
Earlier, Russia described new US and EU sanctions as "destructive and short-sighted", and said they would lead to higher energy prices in Europe.
The G7 group of economic powers includes the United States, Japan, Germany, Britain, France, Italy and Canada.
Its leaders said Russia could still "choose the path of de-escalation", but warned President Vladimir Putin that he would face greater economic costs if he continued to back Ukrainian separatists.
They also called on all sides to establish a ceasefire at the crash site of the Malaysian Airlines jet that was shot down on 17 July in eastern Ukraine.
Russia has come under increased pressure to end its support for the rebels, who Western governments believe were behind the downing of MH17, killing all 298 people on board.
Russian President Vladimir Putin chairs a Cabinet meeting in Moscow - 30 July 2014President Putin must change his policy in Ukraine or face the economic consequences, the G7 has warned
Mr Putin has also been accused by the US and EU of supplying heavy weapons to the rebels - a charge his government has denied.
New US sanctions
On Tuesday, the US announced new economic sanctions against Russia, widening their scope to include three key sectors of the economy - energy, arms and finance.
The EU is also expanding its sanctions, targeting the oil sector, defence equipment and sensitive technologies.
Several members of Mr Putin's inner circle are among the eight people the EU announced it was adding to sanctions on Wednesday.
They include Arkady Rotenberg, Mr Putin's former judo sparring partner and a major shareholder in the civil engineering company Giprotransmost. The company has received a public contract to conduct a study on building a bridge from Russia to Crimea, the EU said.
Another added to the EU's list is Yuri Kovalchuk, chairman of the Rossiya bank and a long-standing friend of the president.
A total of 95 people and 23 entities have now been hit with EU-wide asset freezes and travel bans.
Further details of the new EU sanctions are due to be published on Thursday.
Russia's foreign ministry called the EU's move "thoughtless and irresponsible" and said it would "inevitably" lead to higher energy prices in Europe.
"By going on a sanctions spree, Brussels, by its own will, is creating barriers for further cooperation with Russia in such a key sphere as energy," the statement said.
It also labelled new US sanctions as "destructive and short-sighted" and warned that they would aggravate relations between the two countries.
In other developments in Ukraine on Wednesday:
  • The Ukrainian army said it seized the key town of Avdiivka near the rebel stronghold of Donetsk
  • Heavy fighting around Donetsk again prevented international experts from reaching the crash site of flight MH17
  • Regional officials in Donetsk said that 19 people had been killed in fighting in the past 24 hours
Ukrainian soldiers advancing through the countryside in Donetsk region - 30 July 2014Ukraine's army continued its offensive against rebels on Wednesday, taking controls of several towns
line
Russian press reacts to sanctions
  • "The Russian authorities have been responding chaotically to emerging threats by taking instant ad hoc measures, but failing to calculate their systemic consequences" - Nezavisimaya Gazeta
  • "Sources in Russian diplomatic circles say the Russian leadership hopes that the sectoral sanctions will be considerably less stringent when approved at the top level" - Kommersant
  • "It is possible to say now that the Russian authorities mistakenly believed that Europeans would not risk introducing sectoral sanctions for fear that they might backfire" - Novyye Izvestiya
  • "Russia is different not only because its economy is much more integrated into the world one. Russia is a nuclear power and a member of the World Trade Organization, which limits the possibility of pressure" - Vedomosti

Comments

Post a Comment

Popular posts from this blog

KEY ACHIEVEMENTS OF JONATHAN ADMINSTRATION (MID-TERM REVIEW 2011-2013)

By
KEY ACHIEVEMENTS OF JONATHAN ADMINISTRATION DEMOCRACY AT WORK In response to the challenges of military dictatorship in Nigeria, the Peoples Democratic Party (PDP) was formed by like-minded individuals to mobilize Nigerians to build a nation responsive to the aspirations of its people. In the past 15 years, the Peoples Democratic Party has been at the center of democratic governance in the country.  Within this numbers of years, many has attempted to discredited PDP government as not making any achievable impacts since 1999 but it is worthy to note   that the Party has deliver on its mandate in line with the vision of the founding fathers and its manifesto. From President Olusegun Obasanjo to the late President Umaru Musa Yar’Adua and now President Goodluck Jonathan administration, PDP had recorded landmark achievements in all sectors of the economy. From the onset, Obasanjo was able to attract technocrats and Nigerian expatriates to his administration...
Post a Comment
Read more

ADITYA KUMAR: LONGEST CAREER AS A BICYCLE TEACHER

By
MOBILE CYCLE SCHOOL TEACHER ADITYA KUMAR, A GLOBAL HERO I am Aditya Kumar{ born on july 18,1970 } a native of Lucknow, U.P.INDIA. I am honoured by LIMCA BOOK OF RECORDS, 2014 for my Benevolent Service to free education. I have also been awarded NISHAN- E- IMAM HUSSAIN’ AWARD” by Honourable Sh.Ram Naik U.P. Governer.  I am nationally acclaimed social worker known as ` CYCLEGURUJI here because I pedal 60 to 65 km per day to nearby villages on bicycle providing free education to children of slum areas, who have not seen school. I gather children and teach basic Hindi, English, Mathematics . I take classes from 8 am to 7 pm daily. I take classes in number of slum areas nearby. I am not charging any fees, I am proud to say that my students are highly placed in Private and Government departments .   I realized the condition of the low-income families children, without education. This thought came into my mind and I started teaching poor children. I am giving education to ...
Post a Comment
Read more

EFREN PENAFLORIDA - SOCIAL WORKER AND TEACHER

By
Efren’s Penaflorida – Social Worker and Teacher Efren Peñaflorida, Jr. sports no cape. He has no superpowers. You would neither throw him a second glance nor even notice him in a big crowd. There is really nothing special about Efren except his unparalleled dedication to reforming kids in their poverty-stricken community in Cavite, Philippines.Efren Peñaflorida, Jr.’s sanity was questioned when people first saw him going around the neighborhood pushing his improvised cart loaded with food, books, paper, pencils, and other things you would commonly see in a classroom. Why, Efren goes around the neighborhood pushing a mobile classroom to peddle the love for education. He left his well-paying job as a private school teacher to devote all of his time and effort to his Kariton Klasrum project while his neighbors mock him.To make matters worse, his parents and brother did not see the point in his earnestness to get out-of-school youths interested in going back to school. For a family s...
Post a Comment
Read more