Jul 30, 2014
By Jane Brown
Prime Minister Stephen Harper is not ruling out further economic sanctions if Russia continues to support rebel groups in eastern Ukraine. Tougher sanctions were imposed by Canada, the U.S. and the European Union yesterday on the Putin government, as well as arms manufacturers and energy and financial entities. Harper says the Russian President’s support of the militants poses “a genuine threat to international peace and security.”
Vladimir Chizoff is the Russian ambassador to the European Union and claims the new sanctions are not significant. “No amount of sanctions invented by the European Union and others,” Chizoff explained on the CBC, “can produce irrevocable damage to the Russian economy. The Russian economy has been through challenges like this and it will survive.”
This morning, Russia’s central bank is promising to support financial institutions hit by U.S. sanctions, as stocks tumbled today in Moscow. Meantime, 19 people are said to have died in fighting today between Ukrainian troops and pro-Russian separatists. Shells hit apartment buildings in the regional capital of Donetsk today, as Ukrainian troops pressed their offensive against the rebels. The government has retaken control of several towns in the region in recent days.