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E.U. Seeks Quick Approval for Russian Sanctions E.U. Seeks Quick Approval for Russian Sanctions
(about 1 month later)
BRUSSELS — The European Union accelerated its efforts on Friday to enact a tougher sanctions policy against Russia, including considering steps that would hit broad sectors of the Russian economy. BRUSSELS — The European Union accelerated its efforts on Friday to enact a tougher sanctions policy against Russia, including considering steps that would hit broad sectors of the Russian economy.
Discussions among the union’s ambassadors have been going on for two days on how expansive to make the list. While the sanctions are expected to cover the energy, financial and military sectors, they are also likely to be carefully drawn up so that they penalize only some companies and goods within those sectors.Discussions among the union’s ambassadors have been going on for two days on how expansive to make the list. While the sanctions are expected to cover the energy, financial and military sectors, they are also likely to be carefully drawn up so that they penalize only some companies and goods within those sectors.
Gaining consensus on the kinds of sanctions that will be felt by the Russians has been an uphill battle in Europe, where countries including France, Britain and Germany have been wary of damaging their own business interests.Gaining consensus on the kinds of sanctions that will be felt by the Russians has been an uphill battle in Europe, where countries including France, Britain and Germany have been wary of damaging their own business interests.
Herman Van Rompuy, the president of the European Council, urged European Union leaders to streamline the approvals process so that beefed-up sanctions could go into effect next week.Herman Van Rompuy, the president of the European Council, urged European Union leaders to streamline the approvals process so that beefed-up sanctions could go into effect next week.
The package of measures “should have a strong impact on Russia’s economy while keeping a moderate effect on E.U. economies,” he wrote.The package of measures “should have a strong impact on Russia’s economy while keeping a moderate effect on E.U. economies,” he wrote.
A legal text setting out the economic sanctions would be finalized on Friday and should be agreed on as soon as Tuesday, Mr. Van Rompuy wrote. “I would like to ask you that you instruct your ambassador in order to complete an agreement by this date,” he wrote.A legal text setting out the economic sanctions would be finalized on Friday and should be agreed on as soon as Tuesday, Mr. Van Rompuy wrote. “I would like to ask you that you instruct your ambassador in order to complete an agreement by this date,” he wrote.
Mr. Van Rompuy hinted at the difficulties in his letter on Friday, though he said ambassadors meeting in Brussels were able to reach “an emerging consensus on some key principles.”Mr. Van Rompuy hinted at the difficulties in his letter on Friday, though he said ambassadors meeting in Brussels were able to reach “an emerging consensus on some key principles.”