Merkel Says No Plans for Further Russian Sanctions

Germany’s Angela Merkel said on Tuesday there were no plans at present for further economic sanctions on Russia over Ukraine but she was unhappy that a ceasefire agreement was being broken and that pro-Russian rebels had gone ahead with their elections.

“We are not satisfied with the situation of the Minsk agreement because large parts of the Minsk agreement are not being implemented,” she said, adding that the ceasefire and respect for Ukraine’s borders were both being flouted.

The chancellor said she would speak to Ukraine’s President Petro Poroshenko and Russia’s Vladimir Putin and reiterated her intention to have European Union travel bans extended to newly-elected separatist officials in eastern Ukraine.

 
“Beyond that, further economic sanctions are not planned at the moment, we are focusing on the winter and the humanitarian situation there and how to get a real ceasefire,” she said.

via Reuters

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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