AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

EU foreign ministers showed little appetite on Saturday for stepping up pressure on Russia over Ukraine, preferring to give a fragile ceasefire a chance before deciding whether to apply more sanctions or even to extend existing ones. Most ministers at an EU meeting in the Latvian capital pinned their hopes on the latest Minsk agreement succeeding and said the EU should only consider tightening sanctions if the ceasefire was seriously violated, such as by a separatist offensive on the Ukrainian port of Mariupol.
Both Kiev and pro-Russia separatists have accused each other of violence since last month's peace accord called for heavy weapons to be withdrawn from the frontline in east Ukraine. Italian Foreign Minister Paolo Gentiloni saw "encouraging signals" on the ground in eastern Ukraine. "At the moment we don't need either new sanctions or automatic renewals (of sanctions)," he told reporters.
Austrian Foreign Minister Sebastian Kurz agreed. "There is a glimpse of hope since Minsk ... We should do everything now to improve the situation and decide later whether that improvement really happened and we can reduce the sanctions, or if we have to extend them," he said. The comments reflect divisions within the 28-nation EU over sanctions on Russia, the bloc's biggest energy supplier.
While Britain, Poland and the Baltic states take a tough line, many other EU members, including Italy, Austria and Cyprus, are sceptical about sanctions. Alexis Tsipras's election victory in Greece has strengthened the dovish camp. A key decision that the EU must face soon is whether to extend economic sanctions against Russia which it adopted for one year last July. Unanimity is required to extend them.
French Foreign Minister Laurent Fabius said on Friday that a debate was going on in the EU, with some countries saying the bloc should state now that it would extend the economic sanctions until the end of the year. "Others say it would be a bit contradictory to say, on the one hand, Minsk is being applied and on the other hand we are going to go (extend sanctions) until the end of year," Fabius told reporters in Riga.

Copyright Reuters, 2015

Comments

Comments are closed.