German Chancellor Olaf Scholz reported that the sanctions imposed by Western international locations on Russia are “productive and good”. The “potent and united” response of European international locations to the problem of sanctions shocked Russian President Vladimir Putin, the chancellor explained.
“Western sanctions are powerful and honest,” Scholz explained in an interview with the newspaper Well-liked voice of Magdeburg. He named sanctions an crucial indicates of putting strain on Russia to end hostilities in Ukraine.
The chancellor also reported that the united reaction of Western nations to the preventing in Ukraine astonished Vladimir Putin. “He didn’t anticipate this,” says Mr. Scholz. He thinks that in the potential the harm to the Russian overall economy, “cut off from globe technological development”, will only improve.
As aspect of the new sanctions, the G7 countries are preparing to impose cap prices on Russian oil to reduce Moscow’s revenue due to climbing electrical power charges. In accordance to Bloomberg, the cost restrictions for Russian oil will variety concerning $ 40 and $ 60 per barrel (the Urals are buying and selling at an regular of $ 80 for each barrel). EU countries are also considering visa restrictions for Russians. Some nations around the world introduce visas to Russian citizens on an unique basis.
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