Russia’s war against Ukraine – all developments

Federal Finance Minister Christian Lindner wants to increase the pressure on Russia because of the Ukraine war. This will happen if the government in Moscow does not give in, he said on Wednesday evening after an extraordinary video link by the EU finance ministers. “We should also take measures to prevent listed persons and institutions from being able to switch to unregulated crypto assets.” This is intended to increase the pressure on Russian oligarchs and companies.

The sanctions against Russia are already having an effect, according to FDP leader Lindner. The ruble fell sharply. “Russia feels compelled to introduce capital controls.” Russian President Vladimir Putin should realize that he is on the wrong track.

However, the sanctions against Russia would also affect the European economy. “We see that in energy prices and supply chains. We may have to prepare for a longer duration of this conflict.” Targeted sanctions could have the greatest impact.

Lindner confirmed that the consequences for the economy could not be quantified. “I therefore welcome the fact that we will only decide on the application of the fiscal rules once we have more clarity.” In the EU, voices have recently been raised to leave the debt ceilings suspended in 2023.


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