EU ready to impose further sanctions on Russia

FXStreet (Łódź) - In the recent developments regarding the shooting down of Malaysia Airlines plane in Ukraine, UK PM David Cameron declared that the EU was prepared to impose further sanctions on Russia, which on Sunday he accused of contributing to the tragedy through its support for the separatists militants.

The sanctions could include an export ban on defense equipment and also focus on advanced industrial goods which might have dual use for defense purposes, Cameron said.

He also called for halting the flow of troops and weapons from Russia into Ukraine and for Moscow to withdraw all its support for the separatists. EU foreign ministers will meet in Brussels on Tuesday to discuss the situation.

Meanwhile, the Kremlin said that Russian president Vladimir Putin would hold a meeting with the Security Council on “safeguarding of sovereignty and territorial integrity” later today.

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