Von der Leyen: New sanctions will prevent Russian banks from accessing European financial markets

European Commission President Ursula von der Leyen stressed that the new sanctions that the European Union intends to impose on Russia include preventing Russian banks from accessing European financial markets.

The measures include freezing Russian assets in the European Union and banning key Russian economic sectors from entering key technology areas and markets.

The European Union is Russia’s largest trading partner, according to the Commission.

European Union leaders could agree to the measures at an emergency summit scheduled for later in the day.

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