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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 10:52

EU sanctions against Russia were inevitable – Latvian president

BC, Riga, 30.07.2014.Print version
President Andris Berzins believes that the announcement of a next phase of European Union sanctions against Russia was ''inevitable'', informs LETA reffering to the president's press secretary Liga Krapane.

Andris Berzins

''Unfortunately, the situation between Ukraine and Russia has not improved, thus these sanctions were the logical next step and inevitable,'' the president believes.


As reported, the European Union agreed Tuesday to impose broad economic sanctions against Russia, hoping to force Moscow to reverse course in Ukraine, EU sources said.


The new measures go beyond the asset freezes and visa bans used until now, instead imposing restrictions on the finance, defense and energy sectors so as to increase the cost to Russia of its continued intervention and support of pro-Moscow rebels in Ukraine.


An unnamed diplomat called the sanctions "significant" as they are intended to curb access to financial markets for Russian banks, and will ban export of military hardware and energy technology to Russia, among other things.


The sanctions are expected to take effect already this Thursday.

 






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