Germany's Merkel Says Europe Not Ready to Lift Sanctions on Russia

German Chancellor Angela Merkel makes a speech during the session "Global Responsibilities in a Digital Age" in the Swiss mountain resort of Davos on Jan. 22, 2015.

DAVOS, Switzerland — German Chancellor Angela Merkel accused Russia on Thursday of violating Europe's peaceful post-war order with its interventions in Ukraine and said Europe could not consider lifting economic sanctions against Moscow until it changed course.

"The annexation of Crimea is not just any annexation. It is a violation of the values that created a peaceful order in Europe after World War II, namely the acceptance of borders and respect of territorial integrity," Merkel said at the World Economic Forum in Davos, Switzerland.

"Economic sanctions were unavoidable. They are not an end in themselves. They can be lifted if the reasons why they were introduced are removed. But unfortunately we are not there yet."

Read more