EU 'in deterrent mode', studies possible Russia sanctions over Ukraine
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[December 13, 2021]
BRUSSELS (Reuters) - The European
Union is discussing a possible new round of economic sanctions against
Russia with the United States and Britain, but no decisions will be
taken on Monday, the bloc's top diplomat said.
The EU and the United States imposed economic sanctions on Russia in
July 2014, targeting its energy, banking and defence sectors, and is
considering further measures if Russia tries to invade Ukraine after a
troop on its borders.
"We are in deterrent mode," Josep Borrell told reporters as he arrived
for a meeting of EU foreign ministers in Brussels.
"In any case we will send a clear signal that any aggression against
Ukraine will have a high cost for Russia... We are studying together
with the U.S. and the UK what (sanctions )could be, when and how, in a
coordinated manner."
Western leaders fear an attack on Ukraine by Russia, which annexed
Crimea in 2014 and backs separatists who control parts of eastern
Ukraine and are fighting Ukrainian government forces.
Russia says it has no intention to invade Ukraine and accuses Kyiv of
deploying half its army to confront the separatists.
"We are convinced that Russia is actually preparing for all-out war
against Ukraine. It's an unprecedented event probably since the Second
World War," Lithuanian Foreign Minister Gabrielius Landsbergis said.
"If it's an unprecedented attack... that means that the answer has to be
unprecedented from the Western countries as well."
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The EU says it is working the UK and U.S. on possible economic
sanctions against Russia over the tensions in Ukraine, with options
including ending access to cross-border financial transactions.
EU diplomats told Reuters discussions were focused on a potential
gradual increase of any sanctions, ranging from possible travel bans
and asset freezes on Russian politicians to banning financial and
banking links with Russia.
Sanctioning the Nord Stream 2 pipeline between Russia and Germany to
prevent it becoming operational was also an option, as well as
targeting more Russian state-owned defence and energy companies or
cancelling natural gas contracts.
Envoys said such steps were likely to be considered only if the
Russian military attempted a full invasion of Ukraine.
NATO Secretary-General Jens Stoltenberg has warned Russia that the
Western military alliance is standing by Ukraine.
Foreign ministers of the Group of Seven rich democracies warned
Russia on Sunday of "massive consequences" if it attacks Ukraine.
(Reporting by Robin Emmott and Sabine Siebold, Editing by Gareth
Jones and Timothy Heritage)
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