Thursday, August 21, 2014   

Russian investments in London place Britain's Cameron in a bind over Ukraine sanctions
(03-04 18:01)

Britain opposes trade or financial sanctions on Russia over its intervention in Ukraine, media reports said, citing an apparently official document photographed as it was being carried into Downing Street.
The document was snapped in the hand of a senior official walking into a meeting at Prime Minister David Cameron's office yesterday, according to the BBC and several newspapers, AFP reports.
(Pictured British Prime Minister David Cameron with Russian President Vladimir Putin).
Apparently setting out Britain's options in the Ukranian crisis, it says “the UK should not support for now trade sanctions... or close London's financial centre to Russians.’’
London is an increasingly popular destination for wealthy Russians and the banks and trading houses of the City of London attract substantial amounts of Russian money.
During a visit to Kiev yesterday, Foreign Secretary William Hague warned Russia of the “consequences and costs'' of intervention in Ukraine, without giving any details.
According to state-funded broadcaster BBC, the official briefing paper says public statements should be kept “generic'' and specific threats should be “contingent and used for private messaging.’’
Cameron said yesterday: “What we want to see is a de-escalation rather than a continuation down the path that the Russian government has taken, violating the sovereignty and territorial integrity of another country.
“So we shall have to bring to bear diplomatic, political, economic and other pressures in order to make this point.''
Downing Street refused to comment on the photographed document, which emerged after EU foreign ministers warned of sanctions against Moscow following emergency talks in Brussels.
   
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