14:29 02 Feb 2023

Energy sanctions cost russia €160 million daily: EC president

Energy restrictions cost the russian federation 160 million euros per day, and this pressure will increase with new measures, says the President of the European Commission, Ursula von der Leyen. 

She stated this during a press conference with President Volodymyr Zelensky in Kyiv, Ukrinform reports.

"Our sanctions are corroding the russian economy: 160 million euros per day is the price for the supply of energy resources, and the pressure will be greater. Together with our partners from the Big Seven, we will add another price cap for oil products," Von der Leyen emphasized.

The President of the European Commission added that before russia started a full-scale war against Ukraine, the European Union spoke very clearly about the price that russia would be forced to pay. She emphasized that "russia paid."

A meeting of the European Commission members headed by President Ursula von der Leyen with Ukraine's government will take place today in Kyiv.

The topics for discussion will be the support of Ukraine in the fight against russian aggression, the coordination of efforts to restore Ukraine, the continuation of critical reforms, and Ukraine's approach to membership in the European Union.


The 24th EU-Ukraine summit will be held in Ukraine on February 3,

On Thursday, February 2, the President of the European Commission, Ursula von der Leyen, and 15 members of the European Commission arrived in the capital of Ukraine, Kyiv, for consultations with the Ukrainian government.

After the meeting, the leaders will confirm in writing that the future of Ukraine and its citizens are connected with the European Union.

Dmytro Kuleba said at an online briefing on Tuesday that the key issue on the agenda of the EU-Ukraine summit should be the prospect of the earliest possible start of the negotiation process on Ukraine's accession to the European Union after the implementation of all the European Commission's recommendations.

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