EU sanctions would be 'grave mistake,' Russia says

As the European Union considers imposing sanctions against Russia over its recognition of independence for Georgia's rebel regions, Moscow has said that any punitive measures would be a "grave mistake," harming the 27-nation bloc as much as Russia itself.

"First of all, I highly doubt that [sanctions] might ever happen, but hypothetically speaking, this would be to the detriment of the European Union as much, if not more, than to Russia," Russia's ambassador to the EU Vladimir Chizhov...