THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
French Finance Minister Bruno Le Maire warned Moscow that the European Union would try to economically suppress Russia as part of the sanctions imposed by the West in connection with the Russian military operation in Ukraine. The Minister stated this on the air of France Info radio station.
“We are going to wage a global economic and financial war against Russia,” Le Maire was quoted by RIA Novosti as saying that Paris intends to seek the collapse of the Russian economy.
Meanwhile, the Belgian think tank Bruegel believes the European Union can survive next winter without Russian natural gas imports and avoid serious damage to its economy. A block of 27 countries will have to reduce their demand by at least 10-15% if Russia completely cuts off fuel supplies, Lenta.ru notes, citing a Bloomberg publication.
Recall, on February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In his speech, he stated that “circumstances require decisive action from Russia” and stressed that “Russia will not allow Ukraine to have nuclear weapons.”
In response to Russia’s actions, Western countries (USA, Canada, European Union, Great Britain, Japan) announced new, tougher sanctions against the Russian Federation, including financial and economic ones.
In particular, Russian banks fell under the sanctions, including Sberbank, VTB, Novikombank, FC Otkritie and Sovcombank, and for a number of state-owned companies it was difficult to attract foreign capital.
Later, the EU countries and the United States agreed to disconnect Russian banks that fell under sanctions from the international system of interbank transactions and information exchange SWIFT. In addition, it was decided to freeze the assets of the Bank of Russia, which will create difficulties for its use of international reserves. EU countries also pledged to take steps to limit the sale of citizenship — the so-called “golden passports” that allow wealthy Russians connected to the Russian government to become citizens of EU states and gain access to their financial systems.
You can follow the chronicle of events around Ukraine on March 1 here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
