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Investing.com -- Foreign ministers from major European nations announced Thursday their readiness to increase pressure on Russia through additional sanctions that could target the energy and banking sectors.
The ministers, representing France, Germany, Italy, Poland, Spain, Britain and the European Union, met in Rome to discuss strategies to weaken Moscow’s position in its ongoing war with Ukraine. NATO Secretary General Mark Rutte and a Ukrainian representative also participated in the discussions.
In a joint statement released after the meeting, the countries declared: "We are determined to keep Russian sovereign assets in our jurisdictions immobilised until Russia ceases its aggression and pays for the damage it has caused."
The European ministers indicated their willingness to implement further economic measures against Russia as part of their continued support for Ukraine in the conflict that began in 2022.
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