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EU leaders are calling for more sanctions on Russia after Navalny’s arrest and Kremlin’s brutal crackdown on protestors. But flinging punches at its largest oil and gas exporter can prove costly for Europe.

By Vish Gain for AMLi

THE EUROPEAN UNION will not impose new sanctions on Russian individuals if Moscow releases pro-democracy activist and fierce Putin critic Alexi Navalny, EU foreign ministers have said.

Navalny, who was allegedly poisoned under Putin’s orders last year and received treatment in Germany, was arrested for “parole violations” immediately after landing in Moscow on January 17.

While Italy, Romania and the Baltic countries have called for prompt sanctions on Russia for arresting Navalny, Reuters reports that German officials have decided to give Kremlin 30 days.

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