The European Union has promised sweeping sanctions against Russia in response to its aggression in Ukraine

2022-05-30 0 By

The European Union is preparing a new package of personal, economic, financial and trade sanctions against Russia.Valdis Dombrovskis, vice-president of the European Commission, reports on Monday January 31st.The European Union commissioner who holds the rotating presidency of Europe and the United States has promised a package of sanctions against the Russian Federation in the event of aggression in Ukraine.”We are working on a package of sanctions.It would be a very serious, massive package, designed to contain Russia.It would include personal, economic, financial and trade sanctions.On January 13, it was reported that the White House would not support new sanctions on the Nord Stream 2 gas pipeline proposed earlier by Republican Senator Ted Cruz.In addition, the administration questioned whether the bill would help Ukraine without “undermining the unity of our European Allies.”Germany, Austria and Hungary have close economic ties to Russia and the EU requires unanimity for political action abroad, so the only thing the EU has in place is a list of penalties.Eu officials in charge of preparing the penalties said they could be activated within 48 hours of Russia’s invasion of Ukraine, in coordination with the United States and Britain, which have also announced sanctions against Russia.The Russian Foreign Minister on the Russian-Ukrainian border #