Economic sanctions remain the key instrument in the bloc’s response to Moscow’s “aggression,” Josep Borrell said
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The European Union does not want a war with Russia, the bloc’s top diplomat, Josep Borrell, said, adding that economic pressure remains the key instrument in countering Moscow’s “aggression” in Ukraine.
Writing for the Japanese outlet Yomiuri, the EU’s foreign policy chief said that the six packages of sanctions imposed on Moscow by the EU since late February have demonstrated that the bloc “can respond as Europe when provoked.”
“The EU does not want a war with Russia, and economic sanctions are central to its response to the aggression,” Borrell wrote.
Pointing out that the restrictions currently target about 1,200 individuals and 98 organizations in Russia, he claimed that they “have already begun to take effect and will increase further in the coming months.”
“As far as advanced technology is concerned, Russia depends 45% on Europe and 21% on the United States. Only 11% for China,” he claimed, adding that the sanctions also limit the production capacity of precision missiles, which are being used in Ukraine. Borrell also mentioned automobile manufacturing, aviation and oil industries as the most affected by the sanctions.