Economics
Merkel Sees EU Unity on Russia Sanctions as Cyprus Warns of Cost
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German Chancellor Angela Merkel said the European Union will agree on further sanctions on Russia if needed as the Cypriot president cited risks to his country’s economy, exposing EU discord in the Ukrainian crisis.
Cypriot President Nicos Anastasiades pointed to his country’s dependence on Russian financial flows after talks with Merkel in Berlin today. Merkel suggested the 28 EU member countries may face “difficult negotiations” on sanctions policy, “but we will be able to take action.”