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EU threatens tougher sanctions on Russia over Ukraine crisis

Published on Jul 17, 2014 1:24 AM

BRUSSELS (AFP) - The EU moved closer to tightening sanctions against Russia over the crisis in Ukraine on Wednesday, though stopping short of the tough line called for by Washington.

"Not much has happened since the visit of the Ukrainian president at the last summit" in June, German Chancellor Angela Merkel said as she arrived for a new meeting of EU leaders to discuss Ukraine as well as fill top EU posts.

"We will talk about new sanctions because we think that the Russian contribution for peace in Ukraine is not sufficient," she added.

According to a draft summit statement seen by AFP, new steps could include freezing programmes in Russia run by the EU's European Investment Bank as well as a request that the European Bank of Reconstruction and Development halt its own work in the country.

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