European Commission: new sanctions will affect 70% of the Russian banking market and key state-owned companies

The head of the European Commission (EC), Ursula von der Leyen, announced that the second package of EU (EU) sanctions will affect 70% of the Russian banking market and key state-owned companies, including in the defense sector. New restrictions were agreed the day before, on February 24, against the backdrop of the Russian military operation in Ukraine.

Mrs. von der Leyen spoke about the new sanctions at a press conference following the extraordinary EU summit. She said that the EU will restrict Russia’s access to key technologies such as semiconductors, and will also impose a ban on the sale of all aircraft and equipment to Russian airlines.

“This package (sanctions.— “b”) includes financial sanctions against 70% of the Russian banking market and key state-owned companies, including defense ones,” the head of the EC told reporters in Brussels (quoted by RIA Novosti).

As Ursula von der Leyen added, the EU also wants to deprive Russian diplomats and businessmen of “privileged access” to European countries. “Diplomats and related groups, as well as businessmen, will no longer have privileged access to the European Union,” she said, without going into details.

In addition to the head of the EC, the President of the European Council, Charles Michel, and Emmanuel Macron, President of France, which currently presides over the EU, reported on the results of the summit. They all spoke with dismay about the “war” in Ukraine. “In the morning we woke up in a new world, war has come to the European continent,” said Mr. Michel.

“Bombs are falling on defenseless women, men and children. They are afraid for their lives, many are dying. And this is in 2022 in the heart of Europe,” added Ursula von der Leyen.

Yesterday, February 24, Russian President Vladimir Putin announced the deployment of troops to “denazify and demilitarize” Ukraine. He claims that Moscow’s plans do not include the occupation of Ukrainian territories. Against this background, Great Britain, Canada and the United States decided to tighten anti-Russian sanctions. They do not plan to send their military to Ukraine yet.

On the development of the situation – in the online broadcast “Kommersant”.

Galina Dudina, Laura Keffer

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