BRUSSELS — The European Union is giving Russia a one-week ultimatum to scale back its intervention in Ukraine or face additional economic sanctions.
EU summit chairman Herman Van Rompuy said early Sunday that the bloc’s 28 leaders tasked its executive body to “urgently undertake preparatory work for consideration within a week.”
He says “everybody is fully aware that we have to act quickly.”
Still, in apparent fear of an economic backlash, EU leaders shied away from immediately imposing tougher sanctions. Russia is the EU’s No. 3 trading partner and one of its biggest oil and gas suppliers.
The fighting between the military and Russian-backed …read more
Source: Time
