The European Union (EU) must impose tougher sanctions against Russia but the Europeans should understand that those measures may also affect the Union, president of the European Parliament says.
Martin Schulz
© Scanpix

“We need tough sanctions [against Russia], but we also need honesty to our people that it costs not only to that side but to our growth as well. We need to prepare citizens if we are to introduce even tougher sanctions,” Martin Schulz said at the Cohesion Forum in Brussels on Tuesday.

The Union’s citizens feared that new sanctions might deepen deflation or even trigger a new financial crisis, he said.

“We need to return to sustainable budget and structural reforms,” Schulz said.

This week, the EU has formally approved new sanctions against Russia’s energy and defence industries, which will come into effect once published in the Official Journal of the European Union.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian agrimin to discuss post-Brexit agriculture funding issues in Austria

Lithuanian Agriculture Minister Giedrius Surplys will on Monday attend an informal meeting of EU...

Lithuanian president calls for avoiding chaotic Brexit

Attending an informal meeting of EU leaders on Thursday, Lithuanian President Dalia Grybauskaitė...

Lithuania proposes to create single set of external border standards in EU

President Dalia Grybauskaitė presented Lithuania's initiative to introduce a single set of external...

Europe needs lasting solutions to counter illegal migration - president Grybauskaitė

The European Union remains the center of attraction for economic refugees seeking a better life...

Lithuanian president, EU leaders to discuss Brexit, migration in Salzburg

Lithuanian President Dalia Grybauskaitė is leaving for the Austrian city of Salzburg where she will...