EU cannot block the reserves of the Russian Central Bank or in China as Russia has been placing the reserves where it cannot be reached, the representative of the EU for Foreign Affairs has stated.
“We cannot block the reserves of the Russian Central Bank in Moscow. Or In China,” said Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, over the weekend. “In the last year, Russia has been placing their reserves in places where we can’t block them. Russia has been preparing for sanctions financially.”
Borrell also stated that EU countries intend to send fighter jets and $560 million in “lethal aid” to Ukraine.
The White House has rolled out sanctions on Putin himself and members of his inner circle. Together with the EU they also banned multiple Russian banks from SWIFT. They’re also working to aggressively seize the assets of Russian oligarchs, which is what Anne Applebaum has been pushing for.