‘VISA BANS, ASSET FREEZES ARE NEXT’: EUROPE ANNOUNCES THREE STEP SANCTIONS AGAINST RUSSIA
MARCH 7, 2014
EU leaders have threatened Russia with sanctions, which could include visa bans, asset freezes and various economic restrictions unless it engages in direct talks with the coup-appointed Ukrainian government.
As a first step, the EU has halted G8 summit preparations and visa-free talks with Russia. The European Council President, Herman Van Rompuy, on Thursday warned that if Moscow does not manage a de-escalation of the situation in Ukraine, it will “seriously affect the relations between the EU and Russia.” “If there is no de-escalation, the EU will decide on additional measures, such as visa restrictions, asset freezes and cancellation of the Russia-EU summit,” Rompuy said at a press conference as quoted by Interfax.
British Prime Minister David Cameron threatened that asset freezes and unspecified travel bans could be imposed on Russia “relatively quickly,” unless progress is made on dialogue with Ukraine. French President Francois Hollande said that further economic measures against Russia are also possible.