European Union's New Sanctions To "Cripple" Putin Amid Ukraine Invasion
NDTV
European Union chief Ursula von der Leyen held a video conference with leaders of the US, Germany, France, Italy and Canada over the invasion.
European Commission chief Ursula von der Leyen on Saturday said that Brussels would propose to freeze the assets of the Russian central bank, in a major escalation of sanctions against Moscow following the invasion of Ukraine.
Von der Leyen also said the EU would remove "certain" Russian banks from the SWIFT payment system, in response to a key demand of Kyiv to punish Russian President Vladimir Putin.
These new measures will "cripple Putin's ability to finance his war machine," Von der Leyen said.
She was speaking after a videoconference with the leaders of the United States, Germany, France, Italy and Canada intended to coordinate the West's response to the invasion.
