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Merkel: Russia risks huge consequences in Ukraine

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BERLIN — German Chancellor Angela Merkel said today that Russia risks “massive” political and economic consequences if Moscow does not enter into “negotiations that achieve results” over the situation in Ukraine.

In an address to Parliament, Merkel told lawmakers the only way out of the crisis is through diplomacy and assured them that “the use of the military is no option.”

But, she said, the European Union and other western nations would soon freeze bank accounts and implement travel restrictions…

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