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West imposes sanctions on Russia over Ukraine invasion
European Commission chief Ursula von der Leyen said the sanctions "will have maximum impact on the Russian economy and the political elite".
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Sergiy Kyslytsya, Permanent Representative of Ukraine to the United Nations, speaks during United Nations Security Council meeting at United Nations headquarters on February 25, 2022 in New York City. The United Nations Security Council voted on a resolution condemning Russia after President Vladimir Putin began a large-scale invasion on Ukraine. (AFP/David Dee Delgado/Getty Images)
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U leaders wrapped up an emergency summit early on Friday with agreement to punish Moscow for its invasion of Ukraine by imposing "severe" sanctions targeting its financial, energy and transportation sectors.
European Commission chief Ursula von der Leyen told a media conference afterward they "will have maximum impact on the Russian economy and the political elite".
The summit started late on Thursday, the day Russia started blasting military targets and sending tanks and paratroopers into its pro-Western neighbor Ukraine.
Ukrainian President Volodymyr Zelensky addressed the gathering by videolink, telling European presidents and prime ministers that "he does not know if he will be able to speak with us another time," Luxembourg's leader Xavier Bettel recounted as he left.
Von der Leyen said the packet of sanctions—the second adopted this week by the EU—is "targeting 70 percent of the Russian banking market, but also key state-owned companies including the field of defense".
She did not go into details, but a list drawn up by her commission, seen by AFP, proposed adding two Russian private banks—Alfa Bank and Bank Otkritie—to entities sanctioned by the EU.
It also called for Russians to be prohibited from putting deposits over 100,000 euros ($112,000) in EU banks or from purchasing euro-denominated securities.
