Zelenskyy Urges ‘Maximum’ Sanctions on Russia in Davos Talk

  • Date: 23-May-2022
  • Source: Asharq AL-awsat
  • Sector:Economy
  • Country:Middle East
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Zelenskyy Urges ‘Maximum’ Sanctions on Russia in Davos Talk

Ukrainian President Volodymyr Zelenskyy called for “maximum” sanctions against Russia during a virtual speech on the first day of the World Economic Forum gathering of corporate executives, government officials and other VIPs in Davos, Switzerland.

He said sanctions need to go further to stop Russia’s aggression, including an oil embargo, blocking all of its banks and cutting off trade with Russia completely, The Associated Press said.

“This is what sanctions should be: They should be maximum, so that Russia and every other potential aggressor that wants to wage a brutal war against its neighbor would clearly know the immediate consequences of their actions," Zelenskyy said.

He said that should be a precedent that will work for decades to come. He also pushed for the complete withdrawal of foreign companies from Russia to prevent supporting its war and said Ukraine needs funding — at least $5 billion per month.

The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself.

Zelenskyy says his people’s courage has stirred unseen unity of the democratic world.

His speech was a key focus at Davos, the village in the Swiss Alps that has