Russia may lose access to int’l financial markets if it attacks Ukraine

Russia is likely to lose access to international financial markets if it invades Ukraine as it will be one of the sanctions imposed against it, European Commission President Ursula von der Leyen has stated.

 

The Ukrainian president has called on the international community to disclose the possible sanctions before Russia attacks as the move could prevent a war. 

 

“Russia would in principle be cut off from the international financial markets,” Von der Leyen told ARD public television late on Sunday evening. Sanctions would be imposed on “all goods we make that Russia urgently needs to modernise and diversify its economy, where we are globally dominant and they have no replacement,” she said.