Ukraine, US and EU: sanctions to weaken Russia’s economic-technological base

Ukraine US and EU sanctions to weaken Russias economic technological base

(Finance) – “We are all very impressed with what happened tonight. This crisis could last a long timewe must be prepared “. According to what is learned, the Premier said so Mario Draghi speaking in the afternoon at G7 in videoconference.

“I want to thank the United States and President Joe Biden for sharing information in recent weeks, and the European Commission for the good sanctions proposal that is on the table. On sanctions, we are fully aligned with France, Germany, the European Union. We must be united, firm, determined and we must reaffirm the our full support for Ukraine “he would have added.

In the meantime, new sanctions against fly which will first and foremost be “financial” and “will affect strategic sectors for the army and defense” of Russia. This is what a senior European official explains in view of the EU leaders’ summit, which is underway. The stop to Russia access to the Swift system “it is on the table” but it could also slip to a subsequent package while, “at the moment” in the measures that Brussels is working on “the energy sector is not included”, explains the same source.
“A long line” of personalities should enter the black list update and so too “visa facilitation” they could be affected, he explains. The sanctions will have to be “strict and coordinated”.

In these minutes, the US President Joe Biden speaking to the Americans, he announced new sanctions and a ban on technological exports to punish Russia for its invasion of Ukraine. Four other Russian state-owned banks are blacklisted. “Putin – he said – attacked the principles of global peace”, he said, assuring that the United States and its allies will firmly oppose the aggression against Ukraine and that history will present “a high bill” to Russia.

Meanwhile, it will take place tomorrow starting at 15 the virtual extraordinary summit of the heads of state and government of the 30 NATO countries on the attack of the Russia to Ukraine And its consequences. This was announced by the Atlantic Alliance. The press conference of the NATO secretary general is scheduled for 6 pm Jens Stoltenberg. The EU will also participate in the meeting.

Next week we plan to publish a communication providing guidelines for fiscal policy in 2023. It will have to take into account the increased uncertainty clouding the economic outlook following Russia’s attack on Ukraine “. Thus the EU commissioner for economic affairs. , Paolo Gentiloni, in his speech at a meeting organized by the Eurofi think tank in Paris. “It is clear that these events will now dominate the informal Ecofin starting tamesni. Our discussions will now take place in a context clouded by great uncertainty “reports the commissioner.

“Anyone who tries to create us obstacles and interfere “ in Ukraine “know that Russia will respond with consequences never seen before”. Like this Putin who, addressing Russian entrepreneurs, said: “Russia is part of the world economy and we certainly have no intention of damaging that system. I don’t think our partners should push us out of this system.”

Ukraine will defend itself and win. The world can and must stop Putin: the time to act is now “: so Ukrainian Foreign Minister Kuleba after the announcement of Russia’s military operation.” Putin has launched a large-scale invasion of Ukraine: ours peaceful cities are under attack, this is a war of aggression, “adds Kuleba

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