Fresh EU sanctions against Russia 'very possible': source

Pro-Russian militants talk at a checkpoint in Maryinka, 25 kilometers west of Donetsk, on July 15, 2014A new round of EU sanctions against Russia and pro-Moscow separatists in Ukraine was “looking very possible”, a diplomatic source said Tuesday on the eve of an EU summit where leaders would make the final decision. According to the source, member states were preparing a variety of new measures, including freezing programmes in Russia run by the EU’s European Investment Bank and the London-based European Bank of Reconstruction and Development. The EU has so far imposed visa bans and asset freezes on more than 60 Russia and Ukraine figures for their role in stoking the Ukraine crisis but have so far baulked at outright sanctions on economic sectors, known in Brussels as phase 3 sanctions.

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