Russian President Vladimir Putin warned he won’t allow rebels in eastern
 Ukraine to be defeated by government forces as European Union ministers
 met to consider imposing more sanctions on the separatists.
“You
 want the Ukrainian central authorities to annihilate everyone there, 
all of their political foes and opponents,” Putin said in an interview 
yesterday with Germany’s ARD television. “Is that what you want? We 
certainly don’t. And we won’t let it happen.”
German Chancellor 
Angela Merkel said yesterday the EU will keep its economic sanctions on 
Russia “for as long as they are needed.” EU foreign ministers convened 
today in Brussels to discuss adding to sanctions that have limited 
access to capital markets for some Russian banks and companies and 
blacklisted officials involved in the conflict. New measures will likely
 target pro-Russian separatist leaders, the EU said.
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“Sanctions
 in themselves are not an objective, they can be an instrument if they 
come together with other measures,” European Union foreign policy chief 
Federica Mogherini told reporters before the meeting. She said the EU’s 
three-track strategy consists of sanctions, encouragement of reforms in 
Ukraine and dialogue with Russia.
Six Ukrainian soldiers were 
killed and nine were wounded in fighting over the past 24 hours, the 
National Security and Defense Council said on Facebook.
‘Neo-Nazi State’
“We
 are very concerned about any possible ethnic cleansings and Ukraine 
ending up as a neo-Nazi state,” Putin said according to an English 
translation of his remarks published by the Kremlin.
Story: Four Reasons Why Putin Could Be Marching Back Into Ukraine
The
 ruble weakened for a third day, falling 0.6 percent to 47.4555 per 
dollar at 9:43 a.m. in Moscow. The Micex index of Russian stocks was up 
0.7 percent.
Putin was told by Group of 20 leaders to stop arming
 pro-Russian rebels at a two-day summit that ended yesterday in 
Brisbane, Australia. Russia rejects accusations that it’s supplying 
manpower and weapons to support the insurgents who have carved out 
separatist-controlled zones in eastern Ukraine.
Putin said his 
counterpart in Ukraine, Petro Poroshenko, made a “big mistake” by moving
 to sever banking services and pull out state companies from two 
breakaway regions.
Story: Has Putin Already Won in Ukraine? Sure Looks That Way
“Why
 are the authorities in Kiev now cutting off these regions with their 
own hands?” Putin told reporters in Brisbane. “I do not understand this.
 Or rather, I understand that they want to save money, but this is not 
the right occasion and the right time to do this.”
Rebel Elections
The
 government in Kiev is moving to revoke a law on greater autonomy and 
cut off links with rebel-held areas of the Luhansk and Donetsk regions 
after they held elections two weeks ago that Ukraine considers 
illegitimate. The ballots, which were also condemned by the U.S. and 
European countries, raised tensions and threatened to plunge the region 
into open warfare again.
Ukrainian Prime Minister Arseniy 
Yatsenyuk already said Nov. 5 that the government will withhold budget 
payments totaling about 34.2 billion hryvnia ($2.2 billion) to parts of 
the country under the control of militants. Under a presidential decree 
issued Nov. 15, state companies and institutions were ordered to suspend
 work and evacuate employees with their consent.
Video: Rebel Vote in Eastern Ukraine a Threat to Peace?
The
 central bank must stop Ukrainian lenders from servicing accounts used 
by individuals and companies in the breakaway areas, according to the 
document on Poroshenko’s website.

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