June 9, 2023

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Blinken, US and EU sanctions are having devastating effects on Moscow – Europe

BRUSSELS, April 4 – Thanks to actions by the United States and the European Union, through sanctions and asset freezes, “Russia’s financial margin has shrunk with devastating effects,” forcing the Kremlin to choose to allocate resources “to the war or its citizens.” US Secretary of State Anthony Blinken said this when he opened the EU-US Energy Council in Brussels, recalling how one Russian businessman (Oleg Deripaska, aluminum tycoon, ed.) said that “there will be no more money next year.”

On “economic security,” “we are deeply concerned about the challenges posed by economic coercion, the weaponization of economic dependencies, and non-market policies and practices, including by the People’s Republic of China, and we have discussed ways to address these issues.” This was stated by the US Secretary of State, Antony Blinken, when he opened the EU-US Energy Council in Brussels. “There will be another US-EU Technology and Trade Council meeting in the spring where these and other priorities will be on the agenda,” Blinken said.

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