EU Preparing Further Sanctions Against Russia

The European Union is prepared to take further action against Russia if tensions with Ukraine escalate, leaders from three EU countries told CNBC following Thursday’s EU summit in Brussels.
Fredrik Reinfeldt, the Prime Minister of Sweden, told CNBC, said while Russia has played down the impact of the sanctions, the country’s economy was likely to be impacted.

“I don’t think we should listen so much to the way [Russian President Vladimir] Putin is trying to behave when it comes to this,” said Reinfeldt.

“[It’s] very foreseeable that they say that they don’t care about anything, but we have in history seen that these targeted measures are probably better working sanctions than many other things that you could do,” he added.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.