Putting Business Before Peace in Ukraine, Europe Takes a Soft Line With Russia
The European Union's failure to agree on tougher economic sanctions against Russia for its support of rebels in eastern Ukraine is eroding any influence western Europe may have in resolving the conflict, writes a Handelsblatt columnist from Brussels.
Until now, Europe did well by gently tightening the punitive screws on Russia. Economic sanctions are not something that politicians should treat lightly. All the same, you couldn’t help feeling that Moscow was playing a game of cat and mouse with the West in eastern Ukraine.
For nearly four months, the European Union has backed away from imposing far-reaching economic sanctions against Russia out of fear for economic consequences. E.U. leaders did the same again on Tuesday, reaching no conclusion on harder penalties against Russia.
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