Energy Markets
Germany's Merz says EU will tighten sanctions against Russia if there is no progress in Ukraine this week
German Chancellor Friedrich Merz announced on Tuesday that the European Union was ready to impose stronger sanctions on Russia, if there is no progress in ending the conflict in Ukraine this week. He added that a new set of sanctions had been prepared. Merz and his Greek counterpart spoke at a press conference. "We're waiting for the agreement of (Russian president Vladimir) Putin, and we both agree that there will be no real progress made this week. We want to work with you at European level in order to tighten sanctions significantly," Merz stated. He said that he would be...