EU chief: Russia could be cut off from markets, tech goods [View all]

[Omaha Steve]

Source: AP

By KARL RITTER and GEIR MOULSON

MUNICH (AP) — Moscow would have its access to financial markets and high-tech goods limited under Western sanctions being prepared in case Russia attacks Ukraine, one of the European Union’s top officials said Saturday.

The comments from Ursula von der Leyen, the head of the EU’s executive commission, came as tensions over Russia’s intentions toward Ukraine intensified. U.S. President Joe Biden said Friday he was convinced” Russian President Vladimir Putin has decided to invade the neighboring country.

“The Kremlin’s dangerous thinking, which comes straight out of a dark past, may cost Russia a prosperous future,” von der Leyen said Saturday during the annual Munich Security Conference, where U.S. Vice President Kamala Harris also spoke.

Von der Leyen said the EU’s executive arm has developed a “robust and comprehensive package” of financial sanctions with the U.S., U.K. and Canada.



European Commission President Ursula von der Leyen speaks at the Munich Security Conference in Munich, Germany, Saturday, Feb. 19, 2022. (AP Photo/Michael Probst)


Read more: https://apnews.com/article/russia-ukraine-joe-biden-business-munich-ursula-von-der-leyen-2c6fecfb1212c65338547bff96029f96