The US and the EU could apply more sanctions against Russia

The objective of the US and the EU is to hit the nation's economy in a transcendental way

The European Union (EU) and the United States (USA) are discussing possible additional sanctions against Russia as part of a joint response to damage its economy in retaliation for the military attack on Ukraine.

“We will continue to coordinate our response with determination and unity. We are committed to sharing information with the United States and other countries,” said the Commissioner for Financial Services, Mairead McGuinness, at a press conference prior to her meeting with the US Undersecretary of the Treasury, Wally Adeyemo.

McGuiness and Adeyemo’s agenda includes how to strengthen the sanctions against Moscow because, according to the official, “they are crucial to harm the Putin regime” and they intend to make it more difficult for the Kremlin to continue its attack on the neighboring country.

The Undersecretary of the US Treasury explained the interest in analyzing the sanctions that have already been applied but also those that will be taken in the future to ensure that “the Russian war machine” does not threaten European stability.

Adeyemo stressed that the Russian economy has been damaged by the sanctions and that its debt is in the same default situation as in 1998. In addition, the US politician explained that the Kremlin imposed capital controls “so that people who have money in Russia cannot take away,” accusing Moscow of using these resources to finance its war in Ukraine.

Source: dpa

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