EU must end all economic ties to Russia as fast as possible, German finance minister says

German Finance Minister Christian Lindner offers a joint press statement with French Overall economy Minister Bruno Le Maire (not pictured) at the Finance Ministry in Berlin, Germany March 31, 2022. Tobias Schwarz/Pool through REUTERS

BRUSSELS, April 4 (Reuters) – The European Union will have to get the job done toward cutting all financial ties with Russia around its “prison” war in Ukraine, German Finance Minister Christian Lindner claimed on Monday, but solid doubt above an speedy embargo on Russian gasoline imports.

“We are dealing with a criminal war,” Lindner in Brussels before talks with his EU colleagues. “It is distinct we ought to close as swiftly as achievable all financial ties to Russia. Gas cannot be substituted in the brief phrase.”

He said that all choices have been on the table and that an encompassing ban on all Russian vitality imports would inflict additional financial destruction on EU member states than on Russia.

As a result the EU will have to search separately at the chance of banning oil, coal or gasoline, which can be replaced at different speeds.

Producing by Joseph Nasr Enhancing by Maria Sheahan

Our Requirements: The Thomson Reuters Have faith in Ideas.