Borrell warns of serious consequences of sanctions for the European Union

European official Josep Borrell warned of serious consequences of sanctions for the EU /v6_top_pics/resized/673xH/media/img/2/83/756616797860832.jpg 673w” media=”(max-width: 320px) and (-webkit-min-device-pixel-ratio: 2), (max-width : 320px) and (min-resolution: 192dpi)” >

Josep Borrell

In the near future, the EU will face serious difficulties due to sanctions against Russia, EU High Representative for Foreign Affairs and Security Policy Josep Borrell told Kronen Zeitung.

According to him, one cannot deny the rise in gas prices, but the West “should be ready to pay the price of freedom.” that disrupted supply chains. As a result, the EU countries faced a record inflation for several decades, which primarily affected the prices of utilities and products. Annual inflation in the eurozone against the background of restrictions in July reached a record 8.9%.

The Russian authorities have repeatedly stressed that the restrictions of Western countries will not affect the decision of the country's leadership to conduct a special operation in Ukraine, but will harm the inhabitants of European states and the global economy.

European leaders acknowledged that the sanctions hit their own economies, but still insisted on the need for restrictive measures against Russia. Borrell said in July that the rush to cut off Russian energy was creating difficulties for many EU countries, but that it was the price Europe had to pay to defend democracy and international law. “We are taking the necessary measures to solve these problems in solidarity,” — he assured.

The head of the EU diplomacy urged Europe to show patience: according to him, the effectiveness of sanctions will be fully manifested only in the long term.

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