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Russia – US and European Union sanctions. Antony Blinken: The Kremlin’s finances are in a deplorable state

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The Kremlin’s finances have shrunk to such a level that it has to choose between allocating funds for the war and the needs of its own people, US Secretary of State Antony Blinken said in Brussels.

US Secretary of State ahead of the EU-US Energy Council ministerial meeting in Brussels Anthony Blinken said that “the United States and European Union shoulder to shoulder, together with a broad coalition of partners around the world, are working to ensure that Ukraine can defend itself – defend its citizens, its territory and the right to choose its own path.”

– Together we freeze the funds of those who finance aggression. Sophisticated sanctions and export restrictions contribute to reducing Russia’s ability to wage war. The Kremlin’s finances have shrunk to such a level that it has to choose between allocating resources to the war and the needs of its own people, Blinken assessed.

Antony Blinken and Josep BorrellPAP/EPA/OLIVIER MATTHYS/POOL

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On Monday, EU Justice Commissioner Didier Reynders said that from the beginning Russia’s attack on Ukraine EU countries froze the assets of pro-Kremlin oligarchs worth over 23 billion euros.

In an interview with the RND portal, he said that Germany has recently reported a particularly large amount of frozen assets, while in countries such as Greece this amount is surprisingly low.

EU-US Energy Council

Tuesday’s EU-US Energy Council ministerial meeting in Brussels is co-chaired by the EU High Representative for Foreign Affairs Josep Borrell and EU Energy Commissioner Kadri Simson. In addition to Blinken, from the American side, it is attended by the US Deputy Minister of Energy, David Turk.

EU-US Energy CouncilPAP/EPA/OLIVIER HOSLET

According to the announcement of the European Commission, the topics of the meeting are “energy security while accelerating the green transformation”.

“In particular, (interviews – ed.) will concern the prospects for the coming winter, including the situation in Ukraine and Moldova, as well as ways to accelerate decarbonisation through clean energy and energy saving technologies, while ensuring that the transition to clean energy is socially fair” she announced European Commission.

Main photo source: PAP/EPA/OLIVIER MATTHYS/POOL



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