US Secretary of State Antony Blinken met with EU leaders on Friday and vowed to continue pressuring Russia with sanctions in response to its invasion of Ukraine, saying the Russian attack was a worldwide threat.
Following a similar meeting with NATO Allies in Brussels, Blinken attended a special EU Foreign Ministers’ meeting. In an interview with reporters ahead of the summit, the US diplomat said what was at stake with the Russian invasion – along with the lives of Ukrainians – were the principles of world peace and security established during the two world wars, which Russian President Vladimir Putin “grossly violates every day.”
Following the ministerial meeting, Blinken and Ursula Von der Leyen, President of the European Commission, met with reporters.
Von der Leyen went through a series of sanctions against the Russian financial system, which she said would cut the Russian central bank from a significant portion of its reserves to strengthen the falling rubles, the nation’s currency. As a result, the Bank has had to raise interest rates by 20% and push up inflation.
Actions against commercial banks
At the same time, the country’s commercial banks have been closed off from international markets and from SWIFT, an international interbank communication system, which has reduced their ability to finance the economy.
Sadly, Blinken said, the war in Ukraine is unlikely to end soon, but the actions announced by Von der Leyen must continue “until it ends, until the war is over. [and] Russian troops are leaving. “He said both US and EU officials were determined to do so.
Blinken said Russia’s actions could not go unnoticed.
“If we allow these principles to be violated with impunity, then we are opening a Pandora’s box in every corner of the globe so that this can happen again and again and again,” he said.
Some information about this report came from the Associated Press, Reuters and Agence France-Presse.
United States Secretary of State EU leaders agree to continue pressure on Moscow
Source link United States Secretary of State EU leaders agree to continue pressure on Moscow