EU gives Geneva deal a chance before adopting new Russia sanctions

Posted by Joseph R. Fonseca
Tuesday, April 22, 2014

 

The European Union is holding off imposing further sanctions on Russia for now over its actions in Ukraine until it sees if a deal reached in Geneva last week works, EU diplomats said on Tuesday.

EU foreign ministers agreed on April 14 to step up sanctions by expanding their list of 33 people targeted with asset freezes and visa bans for their roles in Moscow's seizure and annexation of Crimea from Ukraine in February.

But so far, although EU officials have been drawing up new names that could be added to the list, no decisions have been taken.

EU diplomats said the reason was that the bloc wanted to allow time to see if an agreement reached in Geneva last week would work.

For the same reason, the EU has not moved any closer to imposing stricter trade and financial sanctions on Russia to punish it for its annexation of Crimea and what Western officials say is its destabilisation of eastern Ukraine.

"We are still thinking about giving the Geneva accord a little bit more time," one diplomat said.

Michael Mann, a spokesman for EU foreign policy chief Catherine Ashton, said the process of drawing up new names to add to the sanctions list was still under way.

"Clearly throughout this discussion, what happens in terms of sanctions is very much dependent on what is happening on the ground in Ukraine," he told reporters.

EU officials would not say how long they would give the Geneva agreement to work before fresh sanctions came back on the table.

The U.S. government said on Monday it would decide "in days" on additional sanctions if Russia did not take steps to implement the Geneva agreement.

Under the deal signed in Geneva last week, the EU, Russia, Ukraine and the United States agreed that illegal armed groups would go home in a process to be overseen by Europe's OSCE security watchdog.

The agreement seems to be faltering with pro-Russian separatist gunmen showing no sign of surrendering government buildings they have seized in eastern Ukraine.

Moscow and Ukraine's Western-backed government have each questioned the other's compliance with the agreement.

Moscow, which denies it is orchestrating the militants in eastern Ukraine, says it could handle any tougher economic sanctions the West might impose.

The European Commission handed documents to EU member states last week explaining the potential impact on their economies of imposing stricter trade and financial sanctions on Russia.

Countries were given until Tuesday to respond to the Commission, which will then tailor the package so that a decision can be taken by EU leaders if the situation in Ukraine worsens.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Wood Group Extends North Sea Chevron Contract

Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver

QP, Chevron Ink Offshore Moroccan Deal

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from

IOCs Stress on OSV Fuel Management Performance

Growing insistence by international oil companies (IOCs) that oilfield contract vessels (OSVs) are fitted with fuel monitoring systems has prompted an upsurge in

News

Interactive Map Highlights Shipping's Global Security Threats

Ship owners and managers can now view what security threats a country poses to shipping lines with the click of a button thanks to a new live interactive map.   The

First Damen Tug for Fratelli Neri

Fratelli Neri S.p.A has taken delivery of a Damen ASD Tug 3212. The new vessel, called Luisa Neri, was handed over from Damen Maaskant Shipyards Stellendam in the Netherlands, on 25 January 2016.

Wärtsilä's' BWMS for New Crane Ship Design

A new crane ship designed by Netherlands based Royal IHC, a global leader in offshore, dredging and mining vessels, will feature the Wärtsilä Aquarius UV Ballast Water Management System (BWMS).

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0803 sec (12 req/sec)