Brussels/Berlin (dpa) – In response to the Russian invasion of Ukraine, the European Union can be imposing sanctions immediately on Russian President Vladimir Putin and International Minister Sergei Lavrov. Any property that the 2 politicians could have within the EU are to be frozen. They are going to nonetheless be allowed to enter the EU for diplomatic talks, nonetheless. The EU overseas ministers selected this new punitive measure as half of a bigger package deal of sanctions. The financial sanctions that had already been agreed beforehand have now come into drive.
Commenting on the measures in opposition to the Russian president, Federal International Minister Annalena Baerbock mentioned: “We’re hitting the Putin system the place it must be hit, not simply economically and financially, however at its core of energy”. She defined that clear sanctions are actually being imposed on Putin and Lavrov, these being the individuals “who’re accountable for this atrocity in opposition to the individuals in Ukraine”. Referring to your entire sanctions package deal, she added: “This may wreck Russia.”
The heads of state and authorities had already agreed on the broad outlines of the punitive measures at a particular EU summit held on Thursday following the assault on Ukraine. The measures are supposed to inflict vital injury on the nation and its financial system. To this finish, for instance, the state and chosen personal banks and corporations may have their alternatives for refinancing restricted. As well as, the EU is imposing export restrictions on strategically essential items with a view to hitting corporations within the transport and power sectors specifically.
The sanctions package deal doesn’t but embody Russia’s exclusion from the Swift cost community, which is likewise being mentioned and would primarily minimize Russian banks off from the worldwide monetary system.
International Minister Baerbock defended Germany’s restraint on this level. The broader impression of decoupling Russia from the Swift system wouldn’t be the identical as sanctioning particular person banks. She mentioned that for “now, and I actually imply only for now”, the most important banks could be placed on the sanctions record, explaining that methods to keep away from the issues of Swift’s broad impression could be explored. Baerbock careworn that phrases like ‘Swift settlement’ “sound very, very robust”. “However at these moments, regardless of every thing that’s going by means of your entire physique, by means of your coronary heart, you need to preserve a cool head.”