EU tightens the economic screws on Putin's Russia
On July 23 the European Bank for Reconstruction and Development announced a freeze on investments in Russia, which in 2013 ammounted to 1.8 billion euros (2.4 billion US dollars).
"It is clear that the only path back to business as usual is for Putin to retreat from Ukraine," says Ian Bond, a veteran U.K. diplomat who is now director of foreign policy at the Centre for European Reform, a think tank in London.