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Merkel: Economic Sanctions Against Russia Still an Option


German Chancellor Angela Merkel (R) and NATO Secretary General Anders Fogh Rasmussen attend a news conference after talks at the Chancellery in Berlin, July 2, 2014.
German Chancellor Angela Merkel (R) and NATO Secretary General Anders Fogh Rasmussen attend a news conference after talks at the Chancellery in Berlin, July 2, 2014.

German Chancellor Angela Merkel criticized Moscow on Wednesday for failing to engage on a peace plan announced by Ukrainian President Petro Poroshenko and said tougher economic sanctions against Russia were still an option.

"Regarding sanctions against Russia, we have so far reached level two and we cannot rule out having to go further," Merkel said at a news conference with NATO Secretary General Anders Fogh Rasmussen. "It is regrettable that during the 10-day unilateral ceasefire announced by the president of Ukraine, that there was no significant reaction to the peace plan, and that the ceasefire was not accepted by the separatists," she added.

"We will not stop looking for diplomatic solutions. The German foreign minister will host the Russian and Ukrainian foreign ministers today. But we are nowhere near where we want to be."

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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