EU to Help Ukraine with 'Securing Energy Supply'

World | March 17, 2014, Monday // 17:53| Views: | Comments: 0
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Bulgaria: EU to Help Ukraine with 'Securing Energy Supply' Polish Foreign Ministers Radoslaw Sikorski (L) and European Union High Representative for foreign affairs, British, Catherine Ashton (R), at the start of European foreign affairs ministers council at the EU headquarters in Brussels, Belgium, 17 March 2014

EU will "provide financial support" to Ukraine and help it with "securing energy supply".

The decision was announced by EU's High Representative for Foreign Affairs, Baroness Catherine Ashton, at a press conference.

She underscored the EU's commitment to the financial stabilization of the country. 

The BBC quotes Ashton as repeating the bloc's stance that a "deescalation" and "territorial integrity" were needed in Ukraine.

Earlier on Monday, the EU and the US approved sanctions against Russian and Ukrainian officials over the standoff in Ukraine's region of Crimea and the holding of a referendum that, according to officials, will enable Crimea to break away from Ukraine and join Russia. 

Speaking of the European measures which include a travel ban and asset freezing targeting 21 Russian and Ukrainian politicians, British Foreign Minister William Hague made it clear that the list of sanctions could be expanded.

"This is not a list hat is set in stone for the future," he explained, adding that Russia's reaction to the referendum in Crimea will determine whether other figures will be included.

Russia's position on the situation in Crimea is expected to become clearer on Tuesday, as Putin is set to address Russian Parliament over the Ukrainian crisis and the prospects of incorporating the peninsula into the Russian Federation.

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