EU chief says Russian president ‘bringing war back to Europe', backs more sanctions
The 27 heads of state of the EU will gather for an emergency meeting in Brussels for new sanctions against Moscow


The European Union will go ahead with more sanctions against Russia on Thursday, following Moscow’s decision to invade Ukraine.
“President Putin is responsible for bringing war back to Europe. In these dark hours, the European Union stands together with Ukraine and its people,” European Commission President Ursula von der Leyen said early Thursday.
“What we are facing is an unprecedented act of aggression by the Russian leadership against a sovereign, independent country,” she added.
“Russia’s target is not just Donbass, the target is not just Ukraine, the target is stability in Europe and the whole international rules-based order. For that, we will hold Russia accountable.”
Valdis Dombrovskis, the EU’s trade chief, told CNBC Thursday that Brussels need to be “bold and strong and united” with its response “because it is clear that of all possible scenarios, the worst scenario is materializing.”
“Russia has launched full-scale war against Ukraine ... We have to do everything to combat this Russian aggression and we have to do everything to support Ukraine,” he told CNBC’s Rosanna Lockwood.
Speaking on financial assistance for Ukraine, he said the scale of support that the EU would need to provide must go much beyond 1.2 billion euros ($1.34 billion) — the EU’s current emergency macro-financial assistance operation. Dombrovskis couldn’t give specific numbers but said financial support needed to be substantially stepped up and it would be discussed with the International Monetary Fund.
The 27 heads of state of the EU will gather for an emergency meeting in Brussels at 8 p.m. local time on Thursday, where von der Leyen is due to present a new set of sanctions against Moscow.
These will target strategic sectors of the Russian economy by blocking access to key technologies and markets. They will also look to “weaken Russia’s economic base and its capacity to modernize” and “freeze Russian assets in the EU and stop the access of Russian banks to the European financial market,” von der Leyen also said.
Earlier Thursday morning, European Council President Charles Michel, who will be chairing the meeting in Brussels, said the heads of state will be adopting these measures “swiftly.”
Thursday’s plan to adopt more sanctions against Russia comes after an initial package of measures was introduced earlier this week. In it, the EU went as far as sanctioning Russia’s Defense Ministry and the Putin’s chief of staff.
SOURCE: CNBC

Pakistan,Poland agree to boost trade, strengthen bilateral ties
- 3 hours ago

Federal cabinet approves ban on religious political party TLP
- 2 hours ago

Pindi Test: South Africa beat Pakistan by 8 wickets,series level by 1-1
- 8 hours ago

PCB announced White-ball squads named for South Africa and tri-nation series
- 11 hours ago

Trump imposed Ukraine-related sanctions on Russia over the war
- 11 hours ago

How the Supreme Court placed ICE above the law
- 13 hours ago

The buzzy word that Democrats have pinned their hopes on
- 13 hours ago

Miankina amin’ny ranomasina izy ireo mba hivelomany. Saingy ankehitriny, miharava ny aina velona ao an-dranomasina.
- 4 hours ago

Why Gen Z can’t stop watching bad takes
- 13 hours ago

Trump’s $230 million cash grab, briefly explained
- 13 hours ago

The leaked Young Republican group chat points toward a bigger problem
- 13 hours ago

Pakistan can help bridge differences between the US and China, pak ambassador
- 11 hours ago