European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said on Thursday that they want to continue to put pressure on Russia and reiterated that sanctions will remain in place, as reported by Reuters.

"We have spoken with the US on their tax incentives for e-cars and expressed our concerns," Dombrovskis added. "We want to go into further details in the coming weeks."

Market reaction

The shared currency struggles to find demand following these comments and the EUR/USD pair was last seen trading flat on the day at 0.9975.