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Russia's President Vladimir Putin he arrives for an official group photo during the BRICS summit at the Itamaraty palace, in Brasilia, Brazil July 16. (AP Photo/Felipe Dana, File )
Russia's President Vladimir Putin he arrives for an official group photo during the BRICS summit at the Itamaraty palace, in Brasilia, Brazil July 16. (AP Photo/Felipe Dana, File )
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US, Europe impose tough new sanctions on Russia

WASHINGTON (AP) -- Spurred to new action by the downing of the Malaysia airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, followed swiftly by a new round of U.S. penalties targeting key sectors of the Russian economy.

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A pro-Russian fighters' APC stands abandoned near the city of Lisichansk, Luhansk region, eastern Ukraine Saturday, July 26, 2014.  (AP Photo/Dmitry Lovetsky)
A pro-Russian fighters' APC stands abandoned near the city of Lisichansk, Luhansk region, eastern Ukraine Saturday, July 26, 2014. (AP Photo/Dmitry Lovetsky)
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Study: Embargo over Ukraine wouldn’t hurt Russia

LONDON (AP) — An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.

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British Foreign Secretary William Hague on arrival at the EU foreign ministers council at the European Council headquarters in Luxembourg, Monday, June 23, 2014. (AP Photo/Yves Logghe)
British Foreign Secretary William Hague on arrival at the EU foreign ministers council at the European Council headquarters in Luxembourg, Monday, June 23, 2014. (AP Photo/Yves Logghe)
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EU ministers: Sanctions if Russia won’t cooperate

BRUSSELS (AP) -- Several European foreign ministers on Monday threatened to impose further sanctions against Russia if it fails to cooperate with Ukraine's proposed peace plan and doesn't stop the flow of arms and militants across its border into eastern Ukraine.

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A poster on a van asks new European leaders to get the EU out of austerity and invest in growth & quality jobs, ahead of the informal dinner of EU Heads of State in Brussels, Tuesday, May 27, 2014. (AP Photo/Yves Logghe)
A poster on a van asks new European leaders to get the EU out of austerity and invest in growth & quality jobs, ahead of the informal dinner of EU Heads of State in Brussels, Tuesday, May 27, 2014. (AP Photo/Yves Logghe)
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EU Summit Seeks Way Out of Election Quagmire

European Union leaders on Tuesday sought a way to bounce back from the weekend's landmark elections that saw a partly hostile and largely apathetic public question their project of closer cooperation as never before.

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Far right party National Front leader Marine Le Pen addresses reporters at the party's headquarters in Nanterre, west of Paris, Sunday May 25, 2014, following the victory of her party in the European Elections.(AP Photo/Remy de la Mauviniere)
Far right party National Front leader Marine Le Pen addresses reporters at the party's headquarters in Nanterre, west of Paris, Sunday May 25, 2014, following the victory of her party in the European Elections.(AP Photo/Remy de la Mauviniere)
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Far Right, Euroskeptics Gain Big in EU Voting

Far-right and Euroskeptic parties made sweeping gains in European Parliament elections Sunday - triggering what one prime minister called a political "earthquake" by those who want to slash the powers of the European Union or abolish it altogether.

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Police bomb disposal experts, in white clothes, search for evidence, near the central Athens offices of the Pan-Hellenic Socialist Movement, or PASOK party, in central Athens, on Sunday, May 25, 2014 .(AP Photo/Dimitris Messinis)
Police bomb disposal experts, in white clothes, search for evidence, near the central Athens offices of the Pan-Hellenic Socialist Movement, or PASOK party, in central Athens, on Sunday, May 25, 2014 .(AP Photo/Dimitris Messinis)
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Left-Wing Opposition Leads EU Vote in Greece

The left-wing opposition Syriza party has succeeded in capturing first place in Greece's election for the European Parliament, leading the conservative New Democracy party by about 3.5 percent.

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U.S. Treasury Secretary Timothy Geithner (Alex Wong, Getty Images)
U.S. Treasury Secretary Timothy Geithner (Alex Wong, Getty Images)
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Europeans Committed to Monetary Union, Says Geithner

Treasury Secretary Timothy Geithner says Europe has the financial wherewithal to deal with the region's crippling financial crisis and bolster the eurozone in the long-run.

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Giuseppe Finocchiaro, Getty Images
Giuseppe Finocchiaro, Getty Images
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EU Official: Greece Needs Extra $20-Billion

Greece already needs another big bailout, but now a European Union official says it needs to be $20 billion more than has been discussed.

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Category: All News Tags: ,
'Game Over' dollar sign
Horia Varlan / flickr.com
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A Thought for New Jersey

The financial world has been at sixes and sevens for months over the economic woes and imminent bankruptcy of Greece, Spain, Ireland, Portugal and Italy. Now, we're told, the European Union and the World Bank have come up with a plan to ride to the rescue with a bailout

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