EU to keep Russia sanctions until next year

European Union leaders agreed on Thursday that economic sanctions imposed on Russia will stay in place until a Ukraine peace deal is fully implemented, effectively extending them to the end of the year if need be.

Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8%

German exports suffered the biggest monthly fall in more than five and a half years in August, leaving Europe’s largest economy in need of “a small miracle” to avoid recession in the third quarter.

Factory activity in Europe, Asia cools; demand lull a concern

(Reuters) - Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.

German consumer morale drops going into September: GfK

BERLIN: German consumer morale fell for the first time in more than 1-1/2 years heading into September as shoppers grew more wary of the impact on Europe's largest economy of sanctions on Russia and other international conflicts.

Europe hits Russia's biggest banks

Europe has cranked up the pressure on Russia by including the country's top two banks on a list of sanctions.

Ukraine crisis: US and EU boost sanctions on Russia

The US and EU have bolstered sanctions against Russia over its alleged support for separatists fighting in Ukraine.

EU should consider its business in Russia when deciding on sanctions - Kremlin

May 24 (Reuters) - The European Union should consider the interests of European companies working in Russia when deciding on whether to impose sanctions on Moscow over its involvement in Ukraine, President Vladimir Putin's top economic aide said on Saturday.

Beware the Russia risk, warns Europe

Growing tensions with Russia could hit growth in Europe this year and next, warned the European Commission in its latest outlook.

Russian shares fall sharply on Western sanctions

Russian shares fell sharply on Friday as investors weighed the impact of western sanctions over Ukraine.