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Posted By admin on February 19, 2022

Top EU official: Russia could be cut off from markets, tech goods

Moscow would have its access to financial markets and high-tech goods limited under Western sanctions being prepared in case Russia attacks Ukraine, a top European Union official says.

The comments from Ursula von der Leyen, head of the EUs Executive Commission, come as tensions over Russias intentions toward Ukraine intensify.

The Kremlins dangerous thinking, which comes straight out of a dark past, may cost Russia a prosperous future, von der Leyen says during the annual Munich Security Conference, where US Vice President Kamala Harris also spoke.

Von der Leyen says the EUs executive arm has developed a robust and comprehensive package of possible financial sanctions against Russia with the US, UK and Canada.

European Commission President Ursula Von Der Leyen addresses European lawmakers in Brussels, on Wednesday, January 20, 2021. (AP Photo/Francisco Seco, Pool)

In case that Russia strikes, we will limit the access to financial markets for the Russian economy and [impose] export controls that will stop the possibility for Russia to modernize and diversify its economy, she added.

And we have a lot of high-tech goods where we have a global dominance, and that are absolutely necessary for Russia and cannot be replaced easily.

Excerpt from:

Report: Israel, neighbors weighing pact to defend against threat of suicide drones - The Times of Israel

Category: Israel
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