Do you think the European response to Russia's invasion of Ukraine is strong enough? Let me first express my deep sorrow for the ongoing loss of so many lives as a result of the Russian war against Ukraine. The decisions by EU governments clearly demonstrate their determination to respond to this horrible act of aggression and their solidarity with the people of Ukraine. It is crucial that sanctions are effectively implemented, and the ECB is doing its part. While we don’t have a mandate to assess and enforce banks’ adherence to the different sanction regimes, we are working with the relevant European and national ... (full story)