European Commission President Ursula von der Leyen said new sanctions would block Russia’s access to ‘key technologies and markets’
The European Union’s chief executive said on Thursday she would present “massive” sanctions to the bloc’s national leaders for approval later in the day against Russia for invading Ukraine.
“ President Putin is responsible for bringing war back to Europe,” European Commission President Ursula von der Leyen told an emergency announcement after Russia fired missiles at several cities in Ukraine and landed troops on its coast. She said new EU sanctions would block Russia’s access to “key technologies and markets” and the Union would also freeze Russian assets in Europe and halt Moscow’s access to European financial markets.
“We will weaken Russia’s economic base and its capacity to modernize… These sanctions are designed to take a heavy toll on the Kremlin’s interests and on their ability to finance the war.”
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