Germany

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EU Leaders Give Russia 7 Days to Reverse Course in Ukraine or Face New Sanctions

The EU has threatened to expand sanctions against Russia in a week unless it takes steps to alleviate tension in Ukraine.

The EU leaders have issued a joint statement demanding that Russia "immediately withdraw all its military assets and forces from Ukraine."

EU gives Russia new sanctions ultimatum

European Union leaders on Aug. 31 gave Russia a week to reverse course in Ukraine or face a new round of sanctions as Kiev warned it was on the brink of "full-scale war" with Moscow.

Fears are growing that the confrontation on the EU's eastern borders could engulf the whole continent after Russia sent troops to back a new offensive by pro-Kremlin rebels in southeastern Ukraine.

Disappearing inflation heightens Draghi concerns

Eurozone inflation dropped to a fresh five-year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy action.

Consumer prices in the 18 countries using the euro rose by just 0.3 percent year-on-year in August, the smallest increase since October 2009, the European Union’s statistics office Eurostat said.

Serbia's foreign trade is up 4.5 pct to EUR 15.38 bil

BELGRADE – In the January-July 2014 period, Serbia’s foreign trade increased 4.5 percent against a year earlier to EUR 15.381 billion, and the export-import ratio was up from last year’s 69.3 percent to 72.9 percent, the Statistical Office of the Republic of Serbia (RZS) said in a release on Friday.

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