The European Union has said Russia faces unprecedented isolation
and its economy will be hit with harshest sanctions ever, over its attack on
Ukraine.
EU’s foreign policy Chief, Josep Borrell said this on
Thursday as Russia launches military attack on Ukraine borders.
“This is not a question of blocs. This is not a question of
diplomatic power games. It is a matter of life and death.
“It is about the future of our global community,” Borell
said in a broadcast statement.
According to him, these are among the darkest hours for
Europe since the end of World War 2.
He said Russia’s attack on its Neighbour ‘Ukraine’ is the
greatest violation of international law and a violation of the basic principles
of human coexistence.
He mentioned that Thursday’s EU emergency summit “will agree
and set up political guidance to adopt the strongest package, the harshest
package of sanctions we have ever implemented on Russia.”
European Commission Chief, Ursula von der Leyen, also
mentioned that new sanctions against Russia will weaken Russia’s economic base
and its capacity to modernise.
“The massive sanctions on Russia will target strategic
sectors of the Russian economy by blocking their access to key technologies and
markets and freeze Russian assets in the EU.
“We will also stop the access of Russian banks to the
European financial market,” he said.
According to her, Russia’s target is not only Ukraine but
the stability in Europe and the whole of the international peace order.
“We will hold President Putin accountable for that,” Ursula
von der Leyen said.
Borrell added that the EU was preparing urgent assistance
for Ukraine and supporting evacuation operations from the country.
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