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🇪🇺As soon as Russian troops crossed the border into Ukraine, our response was united, determined and immediate. And we should be proud of that. We have brought Europe's inner strength back to the surface.
And we will need all of this strength. The months ahead of us will not be easy. Be it for families who are struggling to make ends meet, or businesses, who are facing tough choices about their future. Let us be very clear: much is at stake here.
And I stand here with the conviction that with courage and solidarity, Putin will fail and Europe will prevail.
Russia's financial sector is on life-support. We have cut off three quarters of Russia's banking sector from international markets.
Nearly one thousand international companies have left the country. The production of cars fell by three-quarters compared to last year. Aeroflot is grounding planes because there are no more spare parts. The Russian military is taking chips from dishwashers and refrigerators to fix their military hardware, because they ran out of semiconductors. Russia's industry is in tatters.
It is the Kremlin that has put Russia's economy on the path to oblivion.
One lesson from this war is we should have listened to those who know Putin. To Anna Politkovskaya and all the Russian journalists who exposed the crimes, and paid the ultimate price. To our friends in Ukraine, Moldova, Georgia, and to the opposition in Belarus. We should have listened to the voices inside our Union – in Poland, in the Baltics, and all across Central and Eastern Europe. They have been telling us for years that Putin would not stop.
From 2022 State of the Union Address by the President of the European Commission, Ursula von der Leyen (14 September 2022).
Read the full speech here. 📄
European Commission