The European Commission on Wednesday formally laid out its strategy to cripple the Kremlin's ability to finance its war in Ukraine — and said it was working to plan.
"The rouble has collapsed," EU trade commissioner Valdis Dombrovskis told a news conference. "And we can go even further," he said.
A key component of the strategy, carried out in coordination with the US and UK, is a freeze on the Russian central bank's foreign assets.
The idea is to hamper its ability to prop ...
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Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.