FLRU - Russia poised to cut EU ties if hit with sanctions

Russia said it would be ready to sever ties with the European Union if the bloc of 27 countries imposes painful economic sanctions, a statement that Germany called "disconcerting and incomprehensible."Relations between Russia and the West have come under increased pressure over the arrest and imprisonment of Putin critic Alexei Navalny.VanEck Vectors Russia ETF slips 0.2%.The EU is likely to impose travel bans and freeze assets of Vladimir Putin allies as soon as this month, three European diplomats told Reuters.That statement came in response to Moscow's move last week to expel German, Polish and Swedish diplomats without alerting the EU foreign policy chief, who was visiting Moscow at the time.Regarding a potential break with the EU, Kremlin spokesman Dmitry Peskov said "If the EU goes down that path, then yes, we should be ready because you have to be ready for the worst."Later Russia's foreign ministry said that Moscow would be

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Russia poised to cut EU ties if hit with sanctions