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 New Sanctions Against Russian Federation is the Only Possible Solution - European Parliament

Chairman of the Committee of the European Parliament's Foreign Affairs Elmar Brok called for tougher sanctions against Russia: "We need to toughen sanctions against the Russian Federation"

He said this after an emergency meeting inBrussels where one of the topics was the situation in Ukraine,Censor.NET reports citingRadioLiberty.

"Considering the progression of events in Ukraine over thepast day, we believe that we should find a way to strengthensanctions against Russia," Brock said.

Read also: Russia 'Invading' Ukraine - Human Rights Adviser toPutin

European parliamentarian said that "every opportunityshould be used to find a peaceful solution to the crisis inUkraine." "However, the events of the last hours show that the onlypossible solution is the new sanctions," Elmar Broksaid.

Headded that Brussels is considering the increase of financialassistance to Ukraine both immediate and the long term.

Read also: Ukraine Asking EU for a Large-Scale Military Aid

Inresponse to a question from a journalist Elmar Brok said that heconsiders the EU sanctions against Russia effective. "Russia isunder great economic pressure. Russia lacks investment and thosethat exist are being withdrawn from Russia," he said.

Therepresentative of the European Parliament also drew attention tothe fact that the growth of the Russian economy under the influenceof sanctions and embargoes has downward dynamics.

Concerning possible new restrictions imposed by the EU,which may be considered at the extraordinary summit of the Heads ofState and Government on August 30, the MEP said that, for example,"the increase of sanctions on the financial sector in Russia ispossible. In particular, the stop of funding of some Russianfinancial products from Western hedge funds that stillexists."

Earlierofficial Kyiv urged the EU to urgently consider the situation inUkraine at a meeting of the Council on August 30.

Read also: Russian Soldiers Took All People without Local Registration fromNovoazovsk - News Media

Источник: https://en.censor.net.ua/n300042