EU Mulls Over "Smart" Sanctions On Russia

The European Union is considering "smart" sanctions against Russia's oil industry in a bid to minimize the fallout for itself while maximizing pressure on Moscow, The Times reported, citing European Commission executive vice president Valdis Dombrovskis. The European Union has been discussing some form of an oil embargo against Russia for weeks now but has so far failed to come up with a version that would satisfy the heavily reliant importers, among them Germany, Europe's largest economy. "We are working on a sixth sanctions package and one of…