Finance
EU to keep supporting Ukraine as sanctions against Russia bite, says von der Leyen
Published by Global Banking and Finance Review
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
EU continues to support Ukraine against Russian aggression, with sanctions impacting Russia's economy, says Ursula von der Leyen at G20.
JOHANNESBURG (Reuters) -The European Union will keep on supporting Ukraine as Ukraine is the victim of an aggression, the EU Commission's President Ursula von der Leyen said on Friday, adding that sanctions on Russia are hurting the Russian economy.
"Ukraine can count on us because this is not only an aggression against Ukraine, but it is an aggression against the principles of the UN Charter," she said in a speech in Johannesburg where she is attending a G20 summit.
"We have indeed unleashed 19 sections packages and these are biting sanctions," she said.
"You see it when you look at the increasing difficulties the Russian economy has, soaring inflation, soaring interest rates and overheated war economy. Slowly but surely, the figures are showing that the sanctions are biting."
(Reporting by Julia Payne and Inti Landauro;Editing by Sudip Kar-Gupta)
Economic growth refers to the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).
The UN Charter is the foundational treaty of the United Nations, establishing its principles, purposes, and structure, and serving as a framework for international relations and cooperation.
A central bank is a national institution that manages a country's currency, money supply, and interest rates, often overseeing the banking system and implementing monetary policy.
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