Economics
Germany Gets Tough on Russia as Broader Sanctions Eyed
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Angela Merkel wasn’t in a hurry to inflict economic pain on Russia. Cautious, pragmatic and mindful of German business ties to the country, the chancellor tried to defuse the Ukraine crisis through back-channel diplomacy and frequent phone calls with Russian President Vladimir Putin.
Those efforts failed -- and now Merkel looks ready to embrace the tougher sanctions that some U.S. politicians have been pushing for, Bloomberg Businessweek reports in its April 21 edition.