![]() ![]() ![]() The EU will one day have to start thinking about how peace and security in Europe can be rebuilt, but for now he is focused on maintaining unity within the EU on sanctions, military support, and diplomacy. How Resistance To Russia's Invasion Put Ukraine On The Map For The Westīorrell said he did not know how long the war would last nor what the relationship with Russia would be like after the war ends. He also noted Russian losses on the battlefield, including an estimated 1,600 tanks destroyed, saying this was something Russian President Vladimir Putin could never have imagined before launching the invasion on February 24, 2022. But he said that while these measures have damaged the economy, achieving the desired effect takes time. He pointed to the country’s budget deficit in January, which was 14 times bigger than in January 2022, and to the decrease in income from oil due to a cap on the price it can charge engineered by Western governments. He said, however, that Russia lost its main client for natural gas and is now losing money. "It has a cost for us, but much less than the cost that the Ukrainians and, sorry to say, also the Russian people are paying for it," said Borrell, who spoke with RFE/RL on February 18 at the Munich Security Conference.īorrell also said multiple sanctions packages imposed by the European Union on Moscow are starting to take effect, but acknowledged that Russia was able to make money last year. "This is what we have been trying to do, and this is what we have to continue doing," he said, acknowledging that the approach has cost Europeans in terms of inflation, especially in the prices of energy and food. For all of RFE/RL's coverage of the war, click here. RFE/RL's Live Briefinggives you all of the latest developments on Russia's ongoing invasion, Kyiv's counteroffensive, Western military aid, global reaction, and the plight of civilians. ![]()
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