And, Russia has warned that it will retaliate against the West by stopping flights over Russian airspace if tougher sanctions are imposed over the conflict in Ukraine.
Dmitry Medvedev has put the blame on countries backing Ukraine for damaging the Russian economy with "stupid" sanctions and has hinted that Moscow could retaliate The Russian prime minister has remarked that Russia may have been too patient in responding to sanctions imposed so far by the United States and European Union over the Kremlin's role in Ukraine - and has issued a stern warning that the mistake would not be repeated.
His worry are the energy sector, or the financial sector.
He has cautioned that in case western airlines are not permitted to fly over Russian airspace, they would have to take a detour and that could hurt the airlines, many of the struggling airlines could be driven into bankruptcy and that is not the way to go.
The new package of EU-agreed sanctions would hit oil and gas giants Rosneft and Gazprom, and is due to come into force on Monday but could be suspended in case Russia is seen to be working towards a resolution of the Ukraine conflict. David Cameron has revealed that he had agreed with Petro Poroshenko and the leaders of France, Germany, Italy and the US that it was necessary to have a "proper peace plan" that respects Ukraine's territorial integrity.
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