Tags: Russia

Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over theUkraine crisis, two people familiar with the matter said.

According to the sources cited by the Associated Press, the new measures would include a ban on the sale of dual use and sensitive technologies and an arms embargo. The measures were clearly geared to restrict Russia's defense and energy industries, of which both have proven lucrative for the country.

Without mentioning China, the 10-member Association of Southeast Asian Nations said in a statement yesterday that all parties involved in the territorial claim disputes in Asia should adopt self-restraint to avoid escalating tensions.