The FT acquired a leaked draft from the latest EU Summit and officials said they’re ready to take more steps, kinda.
The European Council remains engaged in the monitoring and assessment of the restrictive measures adopted by the European Union and stands ready to consider further steps, in light of the evolution of the situation on the ground.
Separately, a German official said the Ukrainian crisis has reached a “new dimension”
I think the US and Europe have some tough decisions to make. It’s clear that Putin has dropped most of the pre-text of a Ukrainian resistance but so far sanctions have been token. This time they need to deliver something with some meat but that will hurt foreign companies in Russia and could hurt European energy.
