#AceFinanceNews – SOFIA, March 24 – Several hundred Bulgarian citizens massed before the presidential administration building in the capital Sofia on Monday to protest against EU sanctions imposed on Russia.
Demonstrators gathered to wield posters reading “The EU did not free Bulgaria from Turkish domination, but Russia did” and “Crimea’s Bulgarians want Sofia to recognize the referendum”.
They arrived, attracting television broadcasters and news photographers, as the building assembled the country’s national security council to discuss events in Ukraine and possible consequences for Bulgaria.
Before the meeting, locals voiced confidence the meeting would not reach a consolidated agreement. Bulgaria’s President Rosen Plevneliev and his ruling party Citizens for European Development of Bulgaria have attacked Russia’s position and supported European sanctions.
But Prime Minister Plamen Oresharski stood against the punishment. “It should be mentioned that we would not support tight economic sanctions without analysing their consequences.
Our analysts say our country will be among those who will suffer the most from these consequences”, the premier said, adding that some “compensation mechanisms” needed discussion.
Russian News and Media Sources
#AceFinanceNews – KIEV, March 21.- Ukrainian government will continue talks the EU on purchases of natural gas in European countries, interim acting prime minister Arseny Yatsenyuk told reporters Friday at Kiev’s Boryspol airport upon return from Brussels where he signed the political chapter of an EU-Ukraine association agreement.
“We continue talks on getting gas from EU member-states,” said Yatsenyuk who believes for some reason that the price of gas from Europe will be $ 150 below the Russian one.
Russian Commerce Sources
#AceWorldNews – BRUSSELS, MARCH 21.- The European Union has expanded the list of Russians banned from entering the EU countries from 21 to 33. The financial assets of the people from the ‘black list’ will be frozen if found in European banks.
The decision about imposing economic sanctions has not been made.
European Council President Herman Van Rompuy said the names of the ‘blacklisted’ Russians will be made public after its publication in the Official Journal of the European Union. “We are imposing sanctions on more senior officials of the Russian government,” he noted.
The EU countries have also agreed to halt preparations for bilateral summits with Russia and cancelled the EU-Russia summit scheduled for June. Van Rompuy stressed that the EU insists on the de-escalation of the crisis in Ukraine and restoration of the country’s territorial integrity.
He added that in case of further Russian actions in Ukraine and lack of de-escalation efforts the EU will take other measures, including economic.
#AceFinanceNews US President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at their summit on March 26, Reuters reported, citing a draft statement.
The joint declaration is likely to overcome tensions following Washington’s offer to cut its duties by less than the Europeans had hoped for.
Also, Brussels pledged to remove almost all of its own tariffs.
“The EU and the US are firmly committed to concluding a comprehensive and ambitious Transatlantic Trade and Investment (TTI) .
#AceFinanceNews Greek public sector workers shut schools and left hospitals at emergency staffing levels Wednesday, Reuters reported.
They are protesting against thousands of new job cuts demanded by Greece’s foreign lenders. Doctors, teachers and school guards joined the 24-hour strike and planned marches to parliament.
Labour unions fear the centre-right Greek government will impose even more wage and pension cuts to meet the targets of its 240 billion euro bailout deal with the EU and IMF.
#AceDebtNews says ” Standard and Poor’s Downgrades EU Credit Rating” after introduction of the changes in the bond market and further controls on the bankers purses #banksters