Berlusconi calls EU leaders irresponsible towards Russia

Italy’s former Prime Minister and leader of the right-wing opposition party Forza Italia Silvio Berlusconi on Sunday accused NATO and Western leaders of irresponsible attitudes towards Russia.

“We are strangled by a most profound economic crisis, the situation is only … Read the rest

New EU sanctions to target Russian oil, defence

The FT reports that Europe’s latest sanctions will target a number of key Russian oil and defense industry companies and banks. The new round of economic sanctions is due to be imposed by Brussels Tuesday.

The Wall Street Journal also … Read the rest

Total CEO says sanctions against Russia a mistake

Implementation of sanctions against Russia is a mistake, French oil and gas company Total Chief Executive, Christophe de Margerie said in his interview to Sueddeutsche Zeitung newspaper.

“We cannot let them persuade us that Russia is our enemy. Our energy … Read the rest

Lavrov: There will be no military interference in Ukraine

There will be no military interference to Ukraine, and Russia is for peaceful settlement. Sergei Lavrov, Russia’s Minister of Foreign Affairs, has made this statement on Monday at an annual meeting with students and teachers of Moscow State University of … Read the rest

Economic expectations collapse as sanctions hit German consumers

It starts out un-alarmingly. The optimism of German consumers weakens somewhat, according to the forward-looking Gfk survey, conducted on a monthly basis for the European Commission. So the overall index fell to 8.6 for September, from 8.9 in August. It … Read the rest

US, EU have yet to answer questions on how MH17 led to sanctions

Russia released military monitoring data in late July, which shows Kiev military jets tracking the MH17 plane shortly before the crash – and posed yet another set of questions to Ukraine and the US over the circumstances of the tragedy.… Read the rest

German economy shrinks as result of Russian sanctions

Germany’s sudden second-quarter economic contraction was probably due to Russian sanctions and confidence eroded by the crisis in Ukraine, Reuters news agency quoted the finance ministry as saying on Friday.

The ministry’s monthly report obtained by Reuters shows that Europe’s … Read the rest

China says sanctions could aggravate Ukrainian crisis

Ukraine’s crisis can only be settled politically, and sanctions might only aggravate the situation, Chinese diplomats told ITAR-TASS on Friday.

Earlier, US Department of State coordinator for policy issues Daniel Fried said in an interview with Lithuanian media that the … Read the rest

EU will lift sanctions on Russia says Danish bank

The European Union will lift the sanctions it has imposed on Russia over the situation in Ukraine in one to three months, according to research conducted by the Danske Bank.

“We believe an escalating trade war would be unbearable for … Read the rest

Obama plans new sanctions if Russia delivers humanitarian aid

In case Moscow proceeds with its plans to deliver humanitarian aid without the authorization from the authorities in Kiev further sanctions are likely to be imposed in regard to Russia.

Russia’s planned humanitarian aid for the embattled southeastern regions in … Read the rest

Germany, Switzerland oppose blind EU sanctions against Russia

German Foreign Minister Frank-Walter Steinmeier insists on continued talks with Russia over Ukrainian crisis resolution.

Trust between the West and Russia “is doubtlessly undermined seriously,” the German foreign minister said in an interview with German Sunday edition Frankfurter Allgemeine Sonntagszeitung … Read the rest

BP, Siemens, Renault face downturn on EU sanctions

BP Plc (BP/), Siemens AG (SIE) and Renault SA (RNO) are among European companies preparing for a downward turn in their Russian business following the European Union’s decision to impose its widest-ranging sanctions yet over President Vladimir Putin’s involvement in … Read the rest