Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Merkel, Hollande back extending sanctions on Russia over Ukraine

Published 13/12/2016, 12:38
© Reuters. French President Hollande and German Chancellor Merkel make a statement to the media at the Chancellery in Berlin

BERLIN (Reuters) - The leaders of France and Germany, speaking two days before an EU summit which will discuss the conflict in eastern Ukraine, said they want to extend sanctions against Russia due to a lack of progress in implementing a ceasefire deal.

The conflict between Ukrainian forces and Russian-backed separatists has claimed nearly 10,000 lives since it erupted in 2014. Germany and France have tried to convince both sides to implement a peace deal agreed in Minsk last year but with little success so far.

EU leaders will on Thursday discuss extending sanctions, which include restricting access to international financing and curbs on defence and energy cooperation with Russia.

Merkel, speaking with Hollande who was visiting a Franco-German conference on the digital economy in Berlin, said implementation of the ceasefire deal was "very sluggish".

"It will be necessary to extend the sanctions against Russia again - although we would have wished for better progress in the implementation of this process," she said.

Hollande agreed. "We must continue to apply the terms of the Minsk agreement and when they are not carried out, we must continue with sanctions," he said.

The sanctions were extended several times and are due to expire at the end of January.

Kiev and the West accuse Russia of stoking the separatist movement and aiding the rebels. The Kremlin denies these charges and accuses Ukraine of perpetuating the violence and violating the Minsk deal.

© Reuters. French President Hollande and German Chancellor Merkel make a statement to the media at the Chancellery in Berlin

At the end of last month, four-way talks on ending the separatist conflict ended without a breakthrough.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.