Josep Borrell says EU anti-Russian sanctions will now crush Moscow
EU Foreign Policy Officer Josep Borrell has called on Europeans to show “strategic patience” while the equivalent of months of devastating sanctions against Russia comes into force.
“Sanctions imposed by EU-like partners have already hit Vladimir Putin and his associates hard,” Borrell declared in a blog post on Sunday, “their impact on the Russian economy.” Will only increase. “
“It takes strategic patience until Russia can stop the aggression and Ukraine can regain full sovereignty,” he added.
Read more: What is included in the sixth package of EU anti-Russian sanctions?
The EU has passed six packages of penalties for Moscow, but the block itself has run into an increasingly serious gas shortage, and the value of the currency has recently fallen below the value of the US dollar for the first time.
One of the recent sanctions aims to reduce 90% of European oil purchases from Russia by the end of 2022. “But he warned that Russia’s victory would lead to the destruction of Western democracy itself and a” rule-based international order, “and insisted that it was a small amount to pay.
Energy-related sanctions in the latest package are a notable exception for energy “no viable alternatives” member states, and are categorically opposed to the oil embargo because it harms the people of Hungary. It is considered to be a loophole in Hungary. Much more than it inconveniences Russians.
Borrell earlier this month claimed that Europe did not want a war with Russia, stating that sanctions were the key to countering Moscow’s “aggression” and that fiscal restrictions were already in effect.
Since Russia’s “military operations” began in February, Europe, along with the United States, has poured billions of dollars worth of weapons and financial assistance into Ukraine. Borel promised that Kyiv would not run out of weapons.
Read more: Will the EU let Ukraine run out of weapons?Borel
Russia sent troops to Ukraine on February 24 because Kyiv failed to implement the Minsk Agreement, which aimed to give the Donetsk and Lugansk regions special status in Ukraine. The Protocol, mediated by Germany and France, was first signed in 2014. Since then, former Ukrainian President Petro Poroshenko has admitted that Kieu’s main goal was to gain time and use the ceasefire to “build a strong army.”
In February 2022, the Kremlin recognized the Republic of Donbas as an independent state and demanded that Ukraine officially declare itself a neutral country that would not participate in the Western military block. Kieu claims that the Russian attack was not completely provoked.
EU urges citizens to wait patiently as anti-Russian sanctions bite
Source link EU urges citizens to wait patiently as anti-Russian sanctions bite