We are talking about the export of certain goods and restricting access to international financial markets.

Von der Leyen told which industries will be affected by sanctions against the Russian Federation in the event of an attack on Ukraine / photo REUTERS

The European Union has already worked out a package of tough sanctions against Russia if it decides on a full-scale invasion of Ukraine. European Commission President Ursula von der Leyen revealed some details of the sanctions.

Reuters writes about it .

According to her, in the event of a new invasion of Ukraine, Russia will be cut off from international financial markets. It will also not be able to access key export commodities.

“Russia will basically be cut off from international financial markets… the movement towards sanctions is so huge and significant that we know that we must always give Russia a chance to return to diplomacy and to the negotiating table. That window is still open,” von der Leyen said. .

The President of the European Commission noted that sanctions will be imposed on “all goods that Russia needs urgently to modernize and diversify its economy, and which we produce.” Von der Leyen stressed that “there is no substitute for them.”

The head of the European Commission also stressed that Russia’s weakness is its dependence on fossil fuel exports.

“It makes up two-thirds of exports (of Russia – UNIAN), and half of the Russian budget depends on it,” said the president of the European Commission.READ ALSO:

Biden warned of readiness to impose serious sanctions against Russia

Recall that earlier Vice-President of the European Commission, EU High Representative for Foreign Policy and Security Josep Borrell proposed to the EU Council at the level of foreign ministers to approve a package of tough sanctions against the Russian Federation in case of further invasion of Ukraine.

The head of European diplomacy also stated that there was no evidence of the withdrawal of certain units of Russian troops from the Ukrainian border.

(C)UNIAN 2022