EU to impose new sanctions against Russia
Jerome Hughes
Press TV, Brussels
EU foreign affairs ministers held emergency talks on Tuesday to agree on sanctions against 351 Russian legislators who voted to give independence to two regions in eastern Ukraine. The West claims it's the beginning of an invasion. Russian financial, business and media outlets are also being singled out by the EU.
The measures will result in asset freezes and travel bans.
A new gas pipeline from Russia to Germany will, for now at least, remain closed. This, despite the EU desperately needing Russia's energy. Citizens passing by the European Commission, the EU's executive arm, have clearly been following developments closely.
The European Commission confirmed on Tuesday, EU gas reserve storage tanks are currently only 30 percent full.
The commission is actively trying to secure alternative supply chains in order to reduce the EU's dependency on Russia. It's in contact, for example, with Japan, South Korea, Qatar, Azerbaijan and Egypt but this is a very costly process because the energy has to be shipped in. Russia's gas is cheap and of course the pipelines are already in place.
NATO, which has its headquarters here in Brussels, continued to ramp up the anti-Russia rhetoric after the new sanctions were announced.
Many analysts say this crisis could have been avoided if NATO had listened to Russia's legitimate security concerns.
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