Don’t miss the latest developments in business and finance.

Russia might face new economic sanctions over Ukraine : British PM

Image
IANS
Last Updated : Sep 05 2014 | 1:40 AM IST

London, Sep 5 (IANS/EFE) Russia might face more economic sanctions unless it ceases its attempts to destabilise Ukraine, British Prime Minister David Cameron said Thursday.

In an interview with the BBC, Cameron said the measures taken against Russia, which is accused of supporting separatist insurgents in eastern Ukraine with weapons and uniformed Russian troops, were beginning to show results.

Russia needs to understand that if such actions continue, pressure from the West will increase, Cameron said, adding that sanctions were the right way to tell the Russians that "what they were doing was unacceptable".

The British prime minister noted that the Russian economy had been growing and was now contracting, while the country's banks, stock market and currency were also feeling the pain from the sanctions imposed by the United States and other Western countries.

Cameron spoke with the BBC as he prepared to host Thursday's NATO summit in Newport, Wales.

Ukrainian President Petro Poroshenko and the leaders of several former Soviet republics, including Estonia, Latvia and Lithuania, attended the summit.

More From This Section

US President Barack Obama also took part in talks centered on the situation in Ukraine, the crisis in Iraq and the scheduled departure of the NATO-led international force from Afghanistan by the end of the year.

--IANS/EFE

pv/

Also Read

First Published: Sep 05 2014 | 1:36 AM IST

Next Story