PARIS (Reuters) – French Finance Minister Bruno Le Maire stated on Friday that the European Union wished to isolate Russia financially, as he spoke alongside his German counterpart Christian Lindner at a European Union finance ministers’ assembly.
“We’re going to strike the Russian banks. We need to isolate Russia financially. We need to minimize off all of the hyperlinks between Russia and the worldwide monetary system,” stated Le Maire.
Missiles pounded the Ukrainian capital on Friday as Russian forces pressed their advance and Ukrainian President Volodymyr Zelenskiy pleaded with the worldwide neighborhood to do extra, saying sanctions introduced up to now weren’t sufficient.
Video: Warfare in Ukraine: EU sanctions will ‘significantly degrade Russia’s financial system’ (France 24)
European Union leaders agreed on Thursday to impose new financial sanctions on Russia, becoming a member of america and Britain in making an attempt to punish President Vladimir Putin and his allies for unleashing a full-scale assault on Ukraine.
Nevertheless, the EU bloc held again from taking the harshest measures sought by Ukraine and break up over simply how far to take the sanctions, leaving particulars to be labored out within the coming days.
(Reporting by Tassilo Hummel; Enhancing by Sudip Kar-Gupta)