January 22, 2025 14:36 GMT
EU-RUSSIA: Kallas Says "No Reason To Weaken Sanctions On Russia Now"
EU-RUSSIA
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsCEEMEARussiaBulletMarketsFixed Income BulletsForeign Exchange Bullets
Kaja Kallas, the European Commission Vice President and EU High Representative for Foreign Affairs, told Reuters she sees “no reason to weaken sanctions on Russia now,” noting she believes the EU will “find agreement to renew” sanctions.
- Kallas endorsed recent comments from US President Donald Trump calling on NATO members to hike defence contributions, but pushed back on his claims that the US is bearing the brunt of Ukraine financing: “We are [Ukraine's] biggest international donor.”
- Kallas noted that the EU must work “to ensure it’s at the table” for eventual Ukraine peace talks. Trump’s advisors have recently dialled back expectations that negotiations could take place within the first 100 days of Trump’s second term.
- Trump’s Treasury Sec nominee Scott Bessent appeared to confirm last week that the Trump administration is weighing the possibility of ratcheting up sanctions on Russia to force Moscow to the negotiating table. Some reportinghas also suggested that Trump could unwind sanctions on Russia’s energy sector if a deal appears close.
- Kallas said in a speech earlier today: "Russia poses an existential threat to our security today, tomorrow and for as long as we underinvest in our defence.”
- Kallas added: "Time is not on Russia's side. But it's not necessarily on ours either. Because we are not yet doing enough. There should be no doubt in any of our minds that we must spend more to prevent war. But we also need to prepare for war.”
239 words