Moscow promises a “severe” response to European sanctions against Russia

This is the largest non-military sanction that the West can take against Moscow. Decoupling Russia from the Swift interbank network is this important gear in global finance, especially ensuring the passage of payment orders and the transfer of funds between banks. This “nuclear weapon”, which has a tremendous impact on the Russian economy, remains an “option” for Joe Biden, who emphasized that “currently this is not (a) a position” shared by Europeans. According to him, other economic sanctions announced Thursday by the United States and its allies had “similar or even greater impact” than this option requested by Ukrainian President Volodymyr Zelensky. According to European diplomats quoted by AFP, some member states, including Italy, Hungary and Cyprus, preferred to withhold this measure in preparation for a series of future sanctions and refused to do so immediately. I am.

“It is very important to determine the measures prepared in the last few weeks and save everything else for situations where other things need to be done,” said German Chancellor Olaf Scholz.

EU diplomacy Prime Minister Josep Borrell was pleased with the declaration that “it is the responsibility of the head of state and the government to make the decision.”

Ukraine: Exclude Russian banks from SWIFT, the western double-edged sword against Putin

The second largest country in the world in terms of the number of users.

According to the site of the Russian National Association Rosswift, Russia will be the second country after the United States in terms of the number of users with members of about 300 Russian banks and institutions in the system.More than half of Russian credit institutions are represented by Swift and are designated by this source.

Opponents of Russia’s exclusion from the Swift system “get the blood of Ukrainian innocent men, women and children,” Ukrainian diplomatic Prime Minister Dmitro Kureba said in a tweet.

Sanctions on finance, energy and transportation

Meanwhile, according to the final declaration of the summit in Brussels, 27 approved a new series of sanctions against Russia on Thursday for the financial, energy and transportation sectors.

In TF1, France’s Foreign Minister Jean-Yves Le Drian said, “The fact that Russia’s choking, economic and financial measures will strike her heartily will be far more powerful than any intervention in the long run. Let’s do it. ” “I think the sequence of steps taken is very large, very spectacular, very heavy and very effective.”

Approved by European leaders in close collaboration with EU partners and allies, these measures also cover dual-use products (both civilian and military), and visa issuance texts without sanctions details. Specify. Europeans are also a list of people who have been deprived of access to EU territory and whose assets have been frozen.

Heads of State and Government of the EU also want to “urgently prepare and adopt additional economic and individual sanctions” against Belarus, which has been accused of being involved in the invasion of Ukraine. Belarus, an ally of Moscow, which borders Ukraine not far from the capital Kiev, is already under European sanctions following the crackdown on the protests in 2020. An influx of migrants accused of organizing Minsk at the EU border in 2021.

Ukraine: According to Pouyanné (TotalEnergies), it is impossible today without Russian gas

Sanctions to make Putin an “international stage paria” (Biden)

Joe Biden announced a series of new sanctions on Russian banks, elites and exports on Thursday. With this, Putin will become an “international stage paria”. The United States will impose economic sanctions and export restrictions on Russia, the US president said, guaranteeing that “it will impose serious costs on the Russian economy, both immediate and long-term.” Early in the dayThe US president announced on Twitter that G7 leaders have agreed to impose sanctions at a virtual meeting on Thursday.Catastrophic“To Russia.

In a speech from the White House, four additional Russian banks will also be sanctioned, cutting more than half of Russia’s technology imports.

A White House resident said, “We are also adding names to the list of Russians (elite) and sanctioned families.”

Personal sanctions on Vladimir Putin are also “on the table,” Joe Biden said again, though he doesn’t want to elaborate.

What is the economic relationship between France and Russia?

Moscow promises a “severe” response to European sanctions

Russia does not wait vaguely. Moscow guaranteed that it would not “interfere” with the Kremlin’s support for separatists in the war with Ukraine, and promised to give a “severe” response to European sanctions.

“We will take strict retaliation measures in accordance with the principles of reciprocity, which is the basis of international law,” the Russian Foreign Ministry said in a statement.

“The EU’s unfriendly measures against Russia (…) cannot prevent the gradual development of relations between Moscow and Ukrainian separatists,” he added, “providing assistance to the latter.” rice field.

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Putin must understand it NATO “Again Nuclear Alliance”,

Vladimir Putin must understand it NATO French Foreign Minister Jean-Yves Le Drian told TF1 on Thursday that he was “also a nuclear alliance.” While claiming to support economic sanctions strategies rather than military intervention strategies.

“President Putin has denied Russia’s signature because all actions taken violate Russia’s pledges,” said the French Foreign Minister. “He also breaks each other’s personal promises, is an cynic and a dictator.”

“I think Vladimir Putin must also understand that the Atlantic Alliance is a nuclear alliance, and I won’t say any more about it,” he added. Responding to the Russian President’s threat to the consequences of external interference in the conflict between Russia and Ukraine.

When EU heads of state and government leaders gathered in Brussels to discuss new disciplinary measures against Moscow Jean-Yves Le Drian defended the effectiveness of economic sanctions.