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EU to Slap New Sanctions on Russia after Incursion into Ukraine

Posted September 01, 2014

Under Economic Issues, International Trade Issues

(Associated Press)

Ukrainian President Petro Poroshenko ueged a strong response to “military aggression and terror” of an estimated 1,000 troops.

The European Union on Saturday warned that the apparent incursion of Russian troops on Ukrainian soil pushes the conflict closer to a point of no return, with new economic sanctions being drawn up to make Moscow reconsider its position.

Ukrainian President Petro Poroshenko, who briefed a summit of the 28-nation EU’s leaders in Brussels, said a strong response was needed to the “military aggression and terror” facing his country. Read more here.