The German official also explained why the status of Ukraine as a candidate country for EU membership is very important.
From the beginning of the introduction of EU sanctions against Russia after the start of the invasion of Ukraine, there were certain doubts about their effectiveness. However, German State Secretary Jörg Kukis noted that European leaders have said from the beginning that the impact of the restrictions will not be immediate. And you will have to be patient.
“And now we see that they affect the Russian economy and the Russian military machine. Thus, Russia's revenues from the sale of energy were quite high in 2022. But in 2023, they will be significantly smaller. And this will greatly affect Russia's capabilities,” Kukis said during the World Economic Forum in Davos.
He also noted that Ukraine received the status of a candidate for EU membership in the midst of the war. . The German official admitted that there were many differences of opinion on this issue. And the leaders of Germany, France and Italy held close consultations.
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“However, then the EU made a decision unanimously. It made it clear to the private sector and investors that in the next 5 years or more, however long it takes, their concerns about conditions in Ukraine will be addressed. That one way or another, Ukraine will become closer and more integrated with the EU,” Kukis explained.
See special topic: IMF Director: The war in Ukraine is a global, not a regional phenomenon Russia is hindering progress around the world with its destructive actions. Forum in Davos: The head of the National Bank of Switzerland predicted whether it will be possible to reduce inflation According to him, inflation is “too high”. The Harvard University professor explained why sanctions against Russia should be strengthened In his opinion, there is room for expanding sanctions. The world economy is now in a better situation than predicted, but it is too early to relax – the head of the IMF Among the risks are the ongoing war in Ukraine and the opening of China after three years of lockdown. Davos-2023: RUSI analyst predicted the worst and best scenarios of events in the war In her opinion, it is important that the Russian Federation does not have time to rearm and regroup its strength
