“The EU is united, the Kremlin will be held accountable,” said Commission President Ursula von der Leyan at a news conference after the emergency summit on the Russian invasion.
As he explained, the sanctions are based on five pillars: economy, energy, transport, exports and visa policy.
“Financial sanctions target 70% of the Russian banking market,” he said, adding that sanctions would include measures to increase Russia’s borrowing costs, “there would be an export ban that would hit the oil sector.” key technologies, such as semiconductors.
“Putin must fail and he will fail,” Ursula von der Leyen concluded.
“We did everything for diplomacy until shortly before the start of the military operation, so yes, there was a duo of Putin, it was his voluntary choice to go to war, but we keep the channels of communication open to achieve the truce,” Emanuel said. Long after the end of the summit in Brussels.
He added that the European sanctions would be complemented by French national sanctions targeting specific individuals, and that 300m euros would be given in aid to Ukraine for military equipment.
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