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EU Likely to Give Go Ahead to Sanctions on Monday, but Must Get 27 Member Approval

RUSSIA
  • EU LIKELY TO GIVE GO-AHEAD TO RUSSIA SANCTIONS MONDAY
  • EU SANCTIONS OVER NAVALNY JAILING NOT LIKELY TO TARGET TYCOONS
  • Sanctions are likely to hit Russian officials and entities suspected to be directly involved in the case
  • A green light in principle from foreign ministers for the measures will be the first step of a legal process that should see sanctions formally approved by March.
  • Sanctions need unanimous support from the bloc's 27 members to be adopted.
  • Germany and Italy cautioned that any decision needs to be on firm legal grounding as the measures would have to stand up in court, adding sanctions should not shut the door on engagement with Russia and the bloc's broader strategic interests
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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