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EU preparing 'massive package of sanctions'- European Commission

621744aae427a
BM.GE
24.02.22 12:38
432
European Commission Chief Ursula von der Leyen says that later today, European leaders will be presented with "a package of massive and targeted sanctions" for approval.

"With this package, we will target strategic sectors of the Russian economy by blocking their access to key technologies and markets. We will weaken Russia's economic base and its capacity to modernize," she says.

"In addition, we will freeze Russian assets in the EU and stop the access of Russian banks to the European financial market. Like with the first package of sanctions, we are closely aligned with partners and allies. These sanctions are designed to take a heavy toll on the Kremlin's interests and on their ability to finance the war."