Russia says it is ready to cut EU ties if hit with painful sanctions

MOSCOW (Reuters) - Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of an interview posted on the ministry's website on Friday. Relations between Russia and the West have come under renewed pressure over the arrest and jailing of Kremlin critic Alexei Navalny, which has sparked talk of possible new sanctions. Three European diplomats told Reuters on Thursday that the European Union was likely to impose travel bans and asset freezes on allies of Russian President Vladi...