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Tuesday, March 4, 2014

UK prepares to rule out sanctions against Russia amid threat to global economy

Downing Street document indicates British concerns over economic impact of Crimea stand-off as Russian aggression intensifies


Vladimir Putin, centre, watches military exercises at the Kirillovsky firing ground in the Leningrad region Photo: Kremlin/RIA Novosti/Reuters

Britain is preparing to rule out trade sanctions against Russia amid fears that the Ukraine crisis could derail the global economic recovery.

Stock markets around the world fell sharply on Monday as Russian aggression intensified yet again following last month’s revolution in Ukraine.

There are growing international fears that Vladimir Putin is preparing to launch an all-out invasion of eastern Ukraine and Crimea after military bases were said to have been given an ultimatum to surrender on Tuesday morning.

Russia sought to justify its action in Crimea by producing a letter from the Viktor Yanukovych, the deposed Ukrainian president, asking Mr Putin to intervene.

Credit to The Telegraph

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