Economics
Europe Moves to Shield Economy From Possible Russia Sanctions
- Germany, Italy among nations seeking to avoid sanction fallout
- EU’s top diplomat touts unanimous support for sanction package
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European Union countries including Germany, France and Italy are pressing the bloc behind closed doors to find ways to shield their economies in the event the Western alliance hits Russia with sanctions over aggression related to Ukraine.
Prime Minister Mario Draghi’s government is holding talks with EU partners about how to mitigate the impact punitive measures could have on key sectors of Italy’s economy, including discussions on potential exemptions for the energy sector from some financial measures under discussion, according to people familiar with the talks.