EU To Discuss Post Crimea Vote Measures

European Union foreign ministers gathered in Brussels to discuss sanctions on Russia that could be revealed as early as Monday.
Western nations are looking to strike back against Russia for meddling in Ukraine and its southern region of Crimea.

Final results from a referendum in Crimea Sunday showed nearly 97% of those who voted backed plans to join Russia. The result was expected — and the West maintained the referendum was illegal. Moscow strongly backed the vote.
President Obama called Russian President Vladimir Putin Sunday and said the vote “would never be recognized by the United States and the international community,” according to the White House.

It remains unclear what kind of sanctions the West will deliver. U.S. and European officials have said they could impose travel bans and asset freezes on individuals close to Russian President Vladimir Putin.
Multiple lists of possible subjects of sanctions were circulated among diplomats over the weekend, said a European diplomatic source.
“My expectation is that it will be a small but politically significant list, which will send a clear message not just in Crimea but to Russia,” a separate European diplomatic source told CNN over the weekend.

via CNN

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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