New sanctions against Russia to take effect on Friday

September 11, 2014 3:17 PM

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New sanctions against Russia to take effect on Friday

BRUSSELS/LONDON (Reuters) - European Union governments agreed on Thursday that new economic sanctions on Russia will take effect on Friday but held out the prospect of cancelling some or all of them next month if they believe a peace plan is working.

EU ambassadors agreed in principle to the new sanctions last Friday but implementation was held up by a dispute over whether they should take effect now or whether the EU should give more time for a ceasefire in Ukraine to take hold.

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