Rouble crisis feeds EU hope of Russia pull-back

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Series Details 08.01.15
Publication Date 08/01/2015
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According to Latvia's foreign minister Edgar Rinkecis on 7 January 2015, Russia's poor economic situation had made it show willingness to seek a solution with the European Union concerning the sanctions in place.

Mr Rinkecis also stated Latvia could support a roll-back of sanctions if Russia withdraws from eastern Ukraine.

Latvia had previously stated its EU presidency - which started in January 2015 - would not be 'anti-Russian'. French president François Hollande had also discussed the possibility of lifting the sanctions against Russia in an interview with a radio station. Russia was hit hard by the fall of oil prices and the devaluation of its currency [click here for more information].

Some sources had access to a discussion paper preparing a meeting of the 28 EU foreign ministers in Brussels on 19 January 2015, in which EU's high representative for foreign policy Federica Mogherini defended a renewed effort to improve EU's relations with Russia.

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ESO: Background information: Russia targets Cyprus, Hungary, and Italy for sanctions veto
The Guardian, 08.01.15: EU leaders raise hopes of Putin breakthrough over Ukraine
Deutsche Welle, 08.01.15: Merkel: no end to Russia sanctions if Minsk agreement not met
EurActiv, 13.01.15: Latvia tempts Russia with lifting of sanctions
BBC News, 12.01.15: Russia reveals huge cost of supporting the rouble
EUObserver, 14.01.15: Mogherini seen as proposing ‘business as usual’ with Russia
EurActiv, 15.01.15: Mogherini suggests détente with Russia
The Times, 16.01.15: EU split as review of Russia sanctions looms
Newsweek Polska, 16.01.15: Too early to ease sanctions on Russia (via Euro|Topics)
The Guardian, 18.01.15: Russia’s rouble crisis poses threat to nine countries relying on remittances

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