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Russia may lose access to financial mkts if invasion occurs: EU chief

Western leaders have until now refused to be drawn on the details of the responses they have agreed on if Russia invaded

Ursula von der Leyen, EU chief, European Commission, eu
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European Commission chief Ursula von der Leyen. Photo: Shutterstock

Reuters
European Commission President Ursula von der Leyen disclosed some details of the sanctions Moscow would face if it invaded Ukraine, saying Russia would be cut off from international financial markets and denied access to major export goods.

Western leaders have until now refused to be drawn on the details of the responses they have agreed on if Russia invaded, only ruling out a military response and promising economic sanctions that would be unprecedented in scale.

"Russia would in principle be cut off from the international financial markets," Von der Leyen told ARD public television late on Sunday evening. Sanctions would be imposed

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First Published: Feb 22 2022 | 12:53 AM IST

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