Sanctions and Solidarity
A common fund to provide compensation for the economic costs of sanctions should be an integral part of the EU’s emerging foreign-policy stance toward Russia. Creating such a fund would provide a potent symbol of solidarity within the EU, while providing an ideal opportunity to show why the sanctions’ costs are likely to be low.
BRUSSELS – The European Union has finally agreed on its “third-level sanctions” against Russia for its actions in Ukraine. As is usual for the EU, arriving at this point has been a long and difficult process.