EU Reaction to Russia’s Military Invasion of Ukraine
EU Reaction to Russia’s Military Invasion of Ukraine

Author(s): Elżbieta Kaca, Aleksandra KOZIOŁ
Subject(s): Politics, Economic policy, International relations/trade, Security and defense, Military policy, Russian Aggression against Ukraine
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; Russia; military invasion; Ukraine; reaction; economy;
Summary/Abstract: On 24-25 February, an extraordinary summit of the European Council (EUCO) took place in Brussels to discuss the EU response to the invasion of Ukraine by Russian forces. The EU has adopted strong economic sanctions that will reduce Russia’s financial reserves in the long term. However, they would be more effective if the EU decided to cut off Russian banks immediately from the SWIFT system, a global channel of encrypted communication between financial institutions. This is still an open issue for negotiation between the Member States.

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