The package of sanctions adopted by the EU member states will primarily affect the Russian economy, French Finance Minister Bruno Lemerre told a television station in Paris this morning.
The French minister, whose country holds the rotating EU presidency this semester, also said that the issue of sanctions and their possible escalation would be on the minds of eurozone and EU economy ministers meeting in Paris on Friday and Saturday. .
Lemmer also said that Russia posed a military and energy threat to Europe, but noted that its economic size was not large enough to threaten the European economy as a whole. He also noted that an increase in energy prices is not ruled out in the near future and stressed the importance of diversifying energy sources for Europe.
In addition, French Minister for European Affairs Clement Boone said today that the package of sanctions against Russia would take effect immediately, possibly within the day.
Source: Capital
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