Fired up European official slams ‘Ridiculous’ Russian sanctions, urges different approach

NEWYou can now listen to Fox News articles!

A European official criticized the continent’s sanctions plan against Russia and urged his colleagues to press ahead with a vote in favor of “full” sanctions against the invasion of Ukraine.

Member of the European Parliament (MEP) Guy Verhofstadt on Wednesday slammed the ruling body’s “ridiculous” approach, which he said “doesn’t work” because Russia is ruled by an autocrat and the people have no ” no real opinion.

RUSSIA INVADES UKRAINE: LIVE UPDATES

“It works with a democracy, with democrats, who have public opinion, real public opinion,” Verhofstadt said. “In Russia, there is no real public opinion anymore.”

He argued that the new list only affected a small part of the trade, such as coal, which he said accounted for just 3% of Russian exports to Europe. He also took aim at attempts to cut off financial access, saying “half of financial institutions are still outside the ban”.

RUSSIAN COMMANDER ORDERS SOLDIERS TO ‘DROP OUT’ UKRAINIAN CIVILIANS NEAR BEIGED MARIUPOL: REPORT

“Anything else won’t work,” he said. “Anything else will prolong the war.”

Verhofstadt’s call apparently reached his colleagues, as parliament voted Thursday in favor of stronger and “comprehensive” sanctions against Russia, with 513 votes in favor to 22 against and 19 abstentions.

The vote supported a total and “immediate” embargo on “Russian oil, coal, nuclear fuel and gas”. MEPs also urged all European leaders to exclude Russia from the G20 and other multilateral organisations, including Interpol, UNESCO and others.

Western allies have tried to improve their sanctions packages after Russia appeared to resist initial measures. The initial panic that followed the implementation of the sanctions weakened the Russian economy as the value of the ruble plummeted.

THE UNITED STATES AND POLAND TO HOLD JOINT MILITARY EXERCISE NEAR THE BORDER WITH UKRAINE

But Russia has apparently stabilised, thanks to its Central Bank’s strict limits on foreign exchange, withdrawals and hard currency transfers that have helped curb the wild swings that initially prompted officials to shut down trading on the Exchange. of Moscow for almost a month.

The United States announced new sanctions on Wednesday that will hit Mariya Putina and Katerina Tinkonova, Putin’s two adult daughters, as well as Russian Prime Minister Mikhail Mishustin; the wife and children of Foreign Minister Sergei Lavrov; and members of the Russian Security Council, including former President and Prime Minister Dmitry Medvedev.

CLICK HERE TO GET THE FOX NEWS APP

The UK also announced a series of new sanctions, including an asset freeze on two major banks, a ban on British investment in Russia and a pledge to end dependence on Russian energy resources by the end of the year. ‘year.