Merkel says No Way To Lift Russian Sanctions

November 6, 2014 Share Print 1

German Chancellor Angela Merkel said on Wednesday there was no way Europe would give Russia any relief from economic sanctions imposed over the Ukraine crisis and separatist leaders appointed after Sunday’s election could also be added to sanction lists.

“There is no possibility of alleviating or lifting sanctions that have been imposed,” she said, urging respect for the Minsk ceasefire agreement reached in September, which Berlin says was violated by the elections in rebel-held eastern Ukraine.

“We should look once again at the list of people who now have positions of responsibility in eastern Ukraine thanks to those illegitimate elections,” she said. “Apart from that, we should maintain the sanctions that we have.”

via CNBC

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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.