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Posted at 22:0922:09
EU sanctions will erode Russia's economy - Von Der Leyen
The president of the European Commission Ursula Von Der Leyen is speaking in Brussels to outline sanctions to "seriously degrade the Russian economy".
She says:
We will freeze Russian assets in the EU and stop the access of Russian banks to the European financial market
The measures will impact Russia severely, increasing capital outflow, raising inflation and gradually eroding its industrial basis
We will weaken Russia's technological position in key areas from high-tech components to cutting-edge software
https://www.bbc.com/news/live/world-europe-60454795
