A third set of EU sanctions against Russia - that includes the Swift banking system - 'may well be agreed in the coming days,' Minister Simon Coveney said
Speaking ahead of a meeting with his EU counterparts to formalise a package of sanctions agreed by EU leaders last night, Simon Coveney said Ireland supports such a move.
The Minister also said he has"no doubt that war crimes are currently being committed in Ukraine as we speak." "Ireland wanted to go further and I think we will end up going further within days in terms of a third package," he said on his way in to the meeting in Brussels. Speaking in Brussels, Micheál Martin said the names of individuals on a list of those subject to sanctions will be discussed at a meeting of foreign ministers this afternoon.
"That is a consequence of Putin's actions, not what we are doing. We have to stand up for our values and principles and that means sanctions that will impact not just on Russian but on EU countries as well." "The rationale and logic of President Putin that underpins this attack has nothing go to do with SWIFT or anything else. What he is doing is reckless, irresponsible and morally wrong. President Putin has decided on this action."
"We have to take that on board, that is the mentality and the rationale underpinning this. Europe now needs to strategically strengthen its approach and also to fundamentally alter its strategic approach to Russia." Ukrainian President Volodymyr Zelensky addressed the gathering by videolink, telling European presidents and prime ministers that"he does not know if he will be able to speak with us another time," Luxembourg's leader Xavier Bettel recounted as he left.
Ms Von der Leyen said the measures"will increase Russia's borrowing costs, raise inflation and gradually erode Russia's industrial base". Energy sector targets of the sanctions included an export ban on equipment and technology Russia needs to upgrade its oil refineries. While EU agreement on the outline of the sanctions was rapid, there were clear divisions over the option of kicking Russia out of the SWIFT network that the world's banks use to securely send messages in order to carry out transactions.
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