Print Magazine
Brussels Morning Newspaper
Thursday, October 5, 2023
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home Europe

EU pledges more support for Kiev, more sanctions for Moscow

Ivan Fischer by Ivan Fischer
11 March 2022
in Europe
Germany, France, UK push for sanctions against Russia
Share on FacebookShare on Twitter

Belgium (Brussels Morning Newspaper) The leaders of the European Union’s 27 member states agreed today to continue adding to the sanctions on Russia, while pledging at the same time to up their military support for Ukraine.

According to High Representative Josep Borrell, the EU leaders are to conclude their two-day summit in Versailles near Paris by agreeing to increase the bloc’s military aid fund for Ukraine by an additional 500 million euro.

Having made the proposal “to double our contribution”, Borrell said he was “sure” that the leaders would approve it. “And it is going to be done immediately. Now it flows quickly.”

The leaders reportedly also agreed on a new set of sanctions, as well as having future sanctions at the ready in case Russia’s President Vladimir Putin escalates his invasion of Ukraine further.

Future sanctions could include cutting off all Russian and Belarusian banks from SWIFT, the international banking payment system. So far, only three major Russian banks have been excluded from use of the facility.

“We should be able to define the financial sanctions in a wider context”, Belgium’s Prime Minister, Alexander De Croo, said. “Some banks have been cut from SWIFT and we could add some. We should have some strategic patience — a few weeks, to see how they bite. At a certain point, it will weaken Russia”, he declared.

Leaders such as Luxembourg’s Prime Minister, Xavier Bettel, expressed confidence that the threat of increased sanctions could put sufficient pressure on Moscow to obtain a cease-fire agreement between Russian and Ukrainian forces.

One issue that the new sanctions are unlikely to touch upon concerns the fossil fuel trade between the EU and Russia. While the European Commission is working hard and fast on reducing the EU’s dependence on Russian gas and oil, diplomats close to the summit talks revealed that a total embargo, similar to the one imposed by Washington this week, remains off the table as far as Europe is concerned.

Tags: European-SecurityMain-Slider
Follow Brussels Morning
Facebook Twitter Youtube Linkedin

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

More Info

  • About Us
  • Advertising
  • Cookie Policy
  • Contact Us
  • FAQ
  • Jobs

Categories

  • Belgium News
  • Brussels
  • Culture and Society
  • Economy
  • EU Institutions
  • Commission
  • Council
  • Parliament
  • Europe
  • Features
  • Health & Fitness
  • In Depth
  • Ambassador’s Corner
  • Europe With Transparency
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Member States
  • Opinion
  • Our pick
  • Uncategorised
  • World
  • Diplomacy
  • Middle East Eye
  • US Elections
  • Join Our Newsletter

    Brussels Morning Newspaper – All Rights Reserved © 2020

    No Result
    View All Result
    • Home
    • About Us
    • Brussels Bubble
      • Parliament
      • Commission
      • Council
    • Wider Europe
      • Member States
    • World
    • Business & Society
    • Europe With Transparency
    • Culture & Society
    • Policy Talks
      • Place de la Bourse
      • The Macro-Economist
      • Sustainable Perspective
      • Ambassador’s Corner
      • The American Angle
      • Southeast Europe
    • Print Magazine

    Brussels Morning Newspaper - All Rights Reserved © 2020

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT