Wednesday, June 25, 2014 • Vol. 16--No. 341 • 22 of 28

(Continued from page 21)

• Iraqi officials have told The Associated Press that al-Maliki is ready to at least temporarily concede the loss of large swaths of territory to Sunni insurgents as he deploys the military's best troops to defend Baghdad.
• Shiite militias responding to a call to arms by Iraq's top cleric are also focused on protecting the capital and Shiite shrines, while Kurdish fighters have grabbed a long-coveted oil-rich city outside their self-ruled territory, ostensibly to defend it from the al-Qaida breakaway group.
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Officials say sanctions on Russia's economy could be delayed amid positive signs from Putin

• WASHINGTON (AP) -- Sanctions aimed at key economic sectors in Russia because of its threatening moves in Ukraine might be delayed because of positive signals from Russian President Vladimir Putin, according to Obama administration officials.
• The United States and its European allies were finalizing a package of sanctions with the goal of putting them in place as early as this week, the officials and others close to the process said Tuesday. Penalizing large swaths of the Russian economy, including its lucrative energy industry, would ratchet up the West's punishments against Moscow.
• The U.S. and Europe have already sanctioned Russian individuals and entities, including some with close ties to Putin, but have so far stayed away from the broader penalties, in part because of concern from European countries that have close economic ties with Russia.
• But with the crisis in Ukraine stretching on, a senior U.S. official said the U.S. and Europe are moving forward on "common sanctions options" that would affect several areas of the Russian economy. A Western diplomat said those options included Russia's energy industry, as well as Moscow's access to world financial markets.
• The U.S. and Europe have been eyeing a European Council meeting in Brussels later this week as an opportunity to announce the coordinated sanctions. However, the enthusiasm for new sanctions, particularly among European leaders, appears to have waned in recent days as countries evaluate whether Putin plans to follow through on a series of promises that could ease the crisis, officials said.
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