The European Union will go ahead with more sanctions against Russia on Thursday, following Moscow’s decision to invade Ukraine.
These will target strategic sectors of the Russian economy by blocking access to key technologies and markets. They will also look to"weaken Russia's economic base and its capacity to modernize" and"freeze Russian assets in the EU and stop the access of Russian banks to the European financial market," von der Leyen also said.
Earlier Thursday morning, European Council President Charles Michel, who will be chairing the meeting in Brussels, said the heads of state will be adopting these measures"swiftly." Thursday's plan to adopt more sanctions against Russia comes after an initial package of measures was introduced earlier this week. In it, the EU went as far as sanctioning Russia's Defense Ministry and the Putin's chief of staff.
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