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EU slaps new sanctions on Russia, may suspend them if ceasefire holds

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The European Union slapped new economic sanctions on Russia on Friday, but said they could be suspended if Moscow withdraws its troops from Ukraine and observes a ceasefire. Some provisions will make it harder for Russian state-owned firms to raise finance in the EU. Diplomats expect them to hit, among others, the oil company Rosneft and units of Gazprom, though not the gas firm itself, a main supplier to the EU. A further 24 people were added to a list of those barred from entry to the bloc and whose assets in the EU are frozen. "The ambassadors agreed on a package of sanctions against persons and sectors of the Russian economy," one senior EU diplomat involved in the talks told Reuters. "The implementation is expected on Monday," the diplomat said. "A ceasefire must hold for sanctions to be lifted." Earlier, diplomats spoke of possibly postponing the sanctions coming into force for up to a week to give President Vladimir Putin time to show he was resolving the conflict. But

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