EU to prepare new sanctions against Russian financial institutions

The EU has decided to prepare new sanctions against Russian financial institutions. This was stated on Friday by the head of the French Ministry of Finance Bruno Le Maire before the meeting of the Eurogroup in Paris.

“Massive sanctions against Russia were adopted yesterday. We will hit all the interests of this country. Time demands it,” Le Maire said, adding that “these sanctions will have serious consequences for the Russian economy, for the system of power.” „This morning we decided to prepare new sanctions, even tougher ones, against Russian financial institutions,” he said.
“We also understand that these sanctions will have consequences for our economy. We will assess this impact together with the European Central Bank (ECB),” Le Maire said. „This morning the EU finance ministers showed unity and their commitment that we are ready to pay this price,” the French minister said.

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