If Russia attacks Ukraine, it will be the result of its economy, warns EU chief

Munich, Germany): European Union (EU) chief Ursula von der Leyen said on Saturday that Moscow would have only limited financial markets and cutting-edge technology under Western sanctions if Russia invades Ukraine. There will be access to the goods.

Leyen, the head of the EU’s executive commission,’s remarks come amid growing fears of Russia’s attack on Ukraine. A day earlier, US President Joe Biden said he was “convinced” that Russian President Vladimir Putin had decided to strike Ukraine.

“The dangerous thinking of the Kremlin (Russian presidential office) may cost Russia its prosperous future,” Leyen said during the annual Munich Security Conference on Saturday. We will limit access to financial markets for the Russian economy and control exports, which will prevent Russia from modernizing and diversifying its economy.”

German Chancellor Olaf Schultz said during Tuesday’s meeting with Putin he “made it clear that any violation of Ukraine’s territorial integrity will cost Russia a great political, economic and geo-strategic price.” At the same time, I also emphasized that diplomacy will not fail because of us. This is our aspiration and we are using all means of communication for this.

Read also:

Ukraine Russia Tension: Russia showed strength amid tension with Ukraine, tested ballistic cruise missile in drill

Ukraine Crisis: From cyber attack to nuclear attack, US accuses Russia, Biden said a big deal about Putin