The European Union is prepared to take further action against Russia if tensions with Ukraine escalate, leaders from three EU countries told CNBC following Thursday’s EU summit in Brussels.
Fredrik Reinfeldt, the Prime Minister of Sweden, told CNBC, said while Russia has played down the impact of the sanctions, the country’s economy was likely to be impacted.
“I don’t think we should listen so much to the way [Russian President Vladimir] Putin is trying to behave when it comes to this,” said Reinfeldt.
“[It’s] very foreseeable that they say that they don’t care about anything, but we have in history seen that these targeted measures are probably better working sanctions than many other things that you could do,” he added.
via CNBC
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