EU Considers New Sanctions If Ukraine-Russia Ceasefire fails

European Union nations are considering new sanctions against Russia amid cautious optimism that a ceasefire will go into effect Friday in eastern Ukraine.
A new round of proposed sanctions has been handed to member states, EU spokeswoman Maja Kocijancic said.
“A decision on implementing them will only be taken in light of developments on the ground,” she said. “If there is a ceasefire agreed in Minsk today, member states would look at how serious it was and decide whether to go forward.”
Minsk, the capital of Belarus, is where pro-Russian rebels are to hold ceasefire talks Friday with Ukrainian and Russian officials.
A ceasefire deal would be a major step in ending a nearly five-month conflict in eastern Ukraine, where Kiev accuses Moscow of sending troops to aid pro-Russian separatists — a claim Moscow denies.

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