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 EU's Punishment for Putin: Fall of Prices for Energy Resources Will Hurt Russia Much More than Sanctions

The West has to respond to the Russia's open aggression against Ukraine with the actions aimed at reducing energy costs and eliminate the Russian ruble from international financial transactions.

This opinion was expressed by Vice-President of the European Parliament, Ryszard Czarnecki, Censor.NET reports citing UNIAN.

"We need sanctions in the form of the ruble inconvertibility and actions to minimize the price of oil and gas. The consequences of these measures will strike Russian economy more painfully than the personal sanctions," he said, answering the question, what should the West do now.

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

The deputy, who represents Poland in the European Parliament, expressed the hope that the Western countries will suffice "common sense" to take such measures.

He also stressed that all international institutions, among which he mentioned the UN, NATO and the OSCE must respond Russian aggression "in the same breath".

"This is the last moment for a decisive response," said the politician, who represents the opposition party "Law and Justice" in Poland

The Ukrainian government announced of the regular Russian troops undisguised invasion of the territory of Ukraine today and called to convene an emergency meeting of the UN Security Council as well as to freeze all assets of the Russian Federation abroad.

Read also: Russian Troops Invaded Ukraine - Poroshenko Convenes Urgent the NSDC Meeting. VIDEO

Russia, which is one of the world's largest traders of oil and gas, is kept afloat by selling them, so the sharp drop in energy prices should lead to significant problems with the financing of the state budget, the newspaper writes.

 
 
 
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