The sanctions are biting. Russia has tried everything to camouflage the effects. And as this is not a free country, you can twitch and turn around facts and figures into what you want them to be. Or you can say what you want and hide what you want. But if you look at the financial sector in Russia, it is on life support now. Russia’s industry is in tatters. It is very interesting to see the military complex, because the military complex now has a very hard time to replenish what is necessary for the armed forces. Because the updated technologies are missing, these are coming from our side and are no longer delivered, there is a ban on the exports. The spare parts are missing. So you observe now that the Russians are cannibalising their refrigerators and their dishwashers to get semiconductors they can use for the military complex. Basically, the Kremlin has put Russia’s economy on the path to oblivion. And I want to make it very clear that the sanctions are here to stay. This is the time for resolve and not for appeasement.
#eudebates #vonderleyen #princetonuniversity #princeton #university #debates #debate
Ursula von der Leyen, President of the European Commission, delivered a keynote speech at Princeton University. She was in conversation with SPIA Professor Andrew #Moravcsik and introduced by Dean Amaney #Jamal.
