Europe Fears Economic Hit If Russia Is Sanctioned Heavily

(Bloomberg) — Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Ukraine, according to people familiar with the matter.

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Western allies are united in their desire to prevent a war as they enter high-stakes talks this week aimed at defusing tensions with Russia, warning it faces massive penalties for any incursion. Actions that have been discussed…


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