Russia’s rouble has suffered its biggest daily fall in three years and stocks in major companies slid by up to 50 percent as investors reacted to a new set of US sanctions aimed at hurting some of Russia’s most powerful tycoons.
The economic measures prevent EU citizens and companies from investing in Crimea and Sevastopol. Russia's annexation of the peninsula in 2014 prompted the sanctions.
Germany's new parliamentary envoy to Russia, Dirk Wiese, spoke to DW about about his first trip to the country and plans for the future. He says better Berlin-Moscow cooperation can help bring the two countries together.
The leader of Austria's Freedom Party says he wants to end EU sanctions imposed on Russia in response to the Ukraine crisis. Heinz-Christian Strache says the measures have damaged the Austrian economy.
EU sanctions including travel restrictions and asset freezes against 150 people and 38 Russian companies are to remain in force until at least September. Austria looks unlikely to break ranks with its European partners.
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