JUST IN: #G7 Low commodity prices are a problem for many countries, Germany’s Chancellor Merkel says – @AceNewsServices

#AceFinanceNews – May.26: Low commodity prices are a problem for many countries, Germany’s Chancellor Merkel says in G-7 briefing

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United States and European Union : ` Agreed on `Working Together on Possible and Tougher Sanction’s ‘ Including the Energy Sector ‘

#AceFinanceNews – UNITED STATES – March 26 – (Reuters) – The United States and the European Union agreed on Wednesday to work together to prepare possible tougher economic sanctions in response to Russia’s behaviour in Ukraine, including on the energy sector, and to make Europe less dependent on Russian Gas Society.

U.S. President Barack Obama said after a summit with top EU officials that Russian President Vladimir Putin had miscalculated if he thought he could divide the West or count on its indifference over his annexation of Crimea.

Leaders of the Group of Seven major industrial powers decided this week to hold off on sanctions targeting Moscow’s economy unless Putin took further action to destabilize Ukraine or other former Soviet republics.

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