EU holds new Russian sanctions

The implementation of fresh EU sanctions against Russia will depend on the success of a Ukraine peace summit on Wednesday.

The EU has agreed to postpone new sanctions against Russia to give time to see if a four-way Ukraine peace summit makes progress, French Foreign Minister Laurent Fabius says.

"The principle of the sanctions will be kept, but their implementation will depend on the situation on the ground," Fabius told reporters in Brussels on Sunday.

"We will assess the situation again next Monday."

Foreign ministers from the 28-nation European Union had agreed on January 29 to add 19 people, including five Russians, to a list of those facing travel bans and asset freezes after an upsurge in fighting in eastern Ukraine.

They were meant to formally sign off on the decision in Brussels on Monday, but decided to compromise pending the outcome of Wednesday's crunch summit of the French, German, Russian and Ukraine leaders in the Belarussian capital Minsk.

The Minsk meeting was agreed after Russian President Vladimir Putin hosted German Chancellor Angela Merkel and French President Francois Hollande for late-night talks in the Kremlin on Friday.

Fabius said the peace initiative showed that "things have begun to move", but added that any deal should be based on a largely defunct pact signed between Kiev and Kremlin-backed separatists in Minsk in September.

German Foreign Minister Frank-Walter Steinmeier meanwhile said it was "not yet sure" the summit would go ahead, adding that much work was still to be done.

The EU has become increasingly divided over sanctions, with some countries fearing for their trade and ties with Russia while others warn that Europe cannot afford to look soft against Moscow.


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Source: AAP



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