The “sanctions”, approved today politically by the EU against Moscow, for having recognized the two secessionist republics of the Donbass “they will hurt Russia, very badly“. The EU High Representative Josep Borrell said in Paris. The sanctions, repeats Borrell, include among other things”limiting the access of Russian sovereign debt to our financial markets“, measures that will hit” the oligarchs “and the Russian deputies of the Duma who voted for the recognition of the two entities, among other things.
We will increase the sanctions “against Russia” substantially, depending on the behavior of Moscow “, since they still exist “many pending questions” about the Kremlin’s future movesor.
“It is clear that the sanctions do not have miraculous effects, they hurt and cost money. We think the story is not over. The sanctions are not like a red light. They hurt economically.” “We preferred to keep some deterrence capabilities – he adds – to respond to new actions by Russia and we are very afraid that there will be. There is an arsenal, we must follow events”, she explains. “We think” that the approved package represents a “good balance” between the need for a “strong package” and the need for “spare ammunition” concludes Borrell.
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