G8 summit to be hold in Sochi will be not attended, and negotiations over Russia's joining the OECD and IEA will be halted
by Emiliano Biaggio
The European countries decided to isolate Russia at international level as response to Russian annexation of Crimea. The head of State and government of the 28 EU member states decided to impose new sanctions against Russian authorities, considered as responsible for what happened in the former Soviet republic. The European Council decided to cancel the next EU-Russia Summit scheduled on June, and all the EU member States will not hold bilateral regular summits for the time being. In addition, the European Council and the member States support the upcoming G7 countries' meeting in The Hague. In practice, the G8 forum has been revised and turned in the old G7 formula, excluding Russia by any talk. At the same time it was agreed the European Council and the member States will support the suspension of negotiations over Russia's joining the OECD (The Organisation for Economic Co-operation and Development) and IEA (the International Energy Agency). Furthermore, European leaders decided to set an international mission up in Ukraine. «In the absence of an agreement in the coming days on a credible OSCE mission, the European Union will draw up an EU mission», is written in the conclusions on Ukraine approved by the European Council.
Together with it has been decided, European leaders brought the door open for new sanctions. In case of need Europe will not hesitate to adopt a new package of targeted measures, as foreseen in the conclusion. «The European Council - is written in the document - asks the Commission to evaluate the legal consequences of the annexation of Crimea and to propose economic, trade and financial restrictions regarding Crimea for rapid implementation». European leader recalled that any further steps by the Russia to destabilise the situation in Ukraine «would lead to additional and far reaching consequences» for relations in a broad range of economic areas between the European Union and its member States, on the one hand, and the Russian federation, on the other hand. In this respect, the European Council asked the Commission and the member States «to prepare possible targeted measures».
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| source: euronews |
The European countries decided to isolate Russia at international level as response to Russian annexation of Crimea. The head of State and government of the 28 EU member states decided to impose new sanctions against Russian authorities, considered as responsible for what happened in the former Soviet republic. The European Council decided to cancel the next EU-Russia Summit scheduled on June, and all the EU member States will not hold bilateral regular summits for the time being. In addition, the European Council and the member States support the upcoming G7 countries' meeting in The Hague. In practice, the G8 forum has been revised and turned in the old G7 formula, excluding Russia by any talk. At the same time it was agreed the European Council and the member States will support the suspension of negotiations over Russia's joining the OECD (The Organisation for Economic Co-operation and Development) and IEA (the International Energy Agency). Furthermore, European leaders decided to set an international mission up in Ukraine. «In the absence of an agreement in the coming days on a credible OSCE mission, the European Union will draw up an EU mission», is written in the conclusions on Ukraine approved by the European Council.
Together with it has been decided, European leaders brought the door open for new sanctions. In case of need Europe will not hesitate to adopt a new package of targeted measures, as foreseen in the conclusion. «The European Council - is written in the document - asks the Commission to evaluate the legal consequences of the annexation of Crimea and to propose economic, trade and financial restrictions regarding Crimea for rapid implementation». European leader recalled that any further steps by the Russia to destabilise the situation in Ukraine «would lead to additional and far reaching consequences» for relations in a broad range of economic areas between the European Union and its member States, on the one hand, and the Russian federation, on the other hand. In this respect, the European Council asked the Commission and the member States «to prepare possible targeted measures».
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