Could EU tariffs against Russia bring a ceasefire for Ukraine?
Briefly

As tensions escalate between Russia and Ukraine, Vladimir Putin has rejected a proposal for a face-to-face meeting with Ukrainian President Volodymyr Zelenskyy. In response, the EU is moving forward with new sanctions, potentially circumventing Hungary's veto power. Hungary, reliant on Russian gas, has blocked previous sanctions but may not halt the EU's efforts to penalize Russia further. Meanwhile, peace talks are set to occur in Istanbul amidst Ukraine's agreement to a ceasefire, which Russia has not accepted currently. This situation marks another critical moment in the rising global tension due to the conflict.
"Vladimir Putin rejecting President Zelenskyy's invitation for face-to-face talks reflects the ongoing tensions, while the EU intensifies financial pressure on Russia through new sanctions."
"The EU is prepared to adapt its sanctions framework to maintain pressure on Russia, even if Hungary opts to veto the extension of the sanctions regime."
Read at www.aljazeera.com
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