Ukrainian President Asks EU For Action Against Russia

Ukrainian President Petro Poroshenko has urged the European Union to take tough action against Russia over the separatist conflict in Ukraine’s eastern regions at a summit of EU leaders in Brussels on Wednesday.

Poroshenko’s website said he had spoken to Herman Van Rompuy, President of the European Council, after intensified fighting in the east, in which Kiev has alleged Russian involvement in an air strike on a residential area and the downing of a military transport plane.

Poroshenko informed Van Rompuy of new evidence of rebel fighters crossing into Ukraine from Russia along with heavy military equipment and arms, his website said.

Ukrainian President Petro Poroshenko has urged the European Union to take tough action against Russia over the separatist conflict in Ukraine’s eastern regions at a summit of EU leaders in Brussels on Wednesday.

Poroshenko’s website said he had spoken to Herman Van Rompuy, President of the European Council, after intensified fighting in the east, in which Kiev has alleged Russian involvement in an air strike on a residential area and the downing of a military transport plane.

Poroshenko informed Van Rompuy of new evidence of rebel fighters crossing into Ukraine from Russia along with heavy military equipment and arms, his website said.

Genya Savilov | AFP | Getty Images
He had called on the EU “to demonstrate a strong position of action by the European Union to support Ukraine”, it said.

Diplomats in Brussels say EU leaders are likely to give the go-ahead on Wednesday to new sanctions, though they may fall short of the far-reaching economic measures sought by the United States and by some of the more hawkish members of the EU, including Poland and the Baltic states.

Ukraine has accused Russia repeatedly of turning a blind eye to Russian fighters crossing the long shared border to team up with rebels, often with Russian weapons and military equipment. Moscow denies this.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza