EU’s Von der Leyen: Financial sanctions target 70% of Russian banking market

European Commission President Ursula von der Leyen said on Friday, “steps agreed by EU leaders include financial sanctions, targeting 70% of the Russian banking market and key state-owned companies, including in defence.”

Additional comments

EU will hold the kremlin accountable.

Sanctions on Russia will increase Russia’s borrowing costs, increase inflation there.

Export ban will hit Russia’s oil sector by making it impossible to upgrade oil refineries.

EU limiting Russia’s access to key technologies such as semi-conductors.

Russia sanctions closely coordinated with united states and others.

Putin must and will fail.