Pro-Russian separatists have seized government buildings in Ukraine's eastern region and clashes have erupted alongside street protests by supporters of both sides in the dispute.
Kiev's Western-backed government has accused Russia's President Vladimir Putin of fomenting the unrest, but admits its forces are powerless to halt the expanding rebellion.
Moscow in turn has called on Kiev to halt its "anti-terrorist" operation and to withdraw security forces from the region. Ukraine responded by reintroducing conscription to beef up its out-matched army.
"That was a rather remarkable statement by a senior Russian government official... Who called on Ukraine to remove its forces from its country, which is preposterous, if you think about it," he said.
Merkel is to meet Obama in Washington tomorrow, with Ukraine at the top of their agenda. Carney brushed off reports of differences between Europe and the United States on how to handle the crisis.
Europe has closer trade ties with Russia than does the United States, and EU leaders reportedly fear that harsh sanctions could drive up energy costs in their already weak economies.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
