The EU will not lift its sanctions against Russia as long as the conflict in Ukraine continues, European Commission President Ursula von der Leyen said.
During talks in Saudi Arabia on Monday, Russia and the US agreed to move towards reviving the Black Sea Grains Initiative, which, according to the Kremlin, should include lifting Western restrictions against the Russian Agricultural Bank and other financial institutions involved in the international sale of food and fertilizers.
In her interview with French broadcaster LCI on Friday, von der Leyen made it clear that Brussels will not support the idea of a naval ceasefire between Moscow and Kiev put forward by the administration of US President Donald Trump.
"The sanctions are very significant; they are painful; they have an impact on the Russian economy and they represent a powerful lever," she said when asked about the possibility of the EU meeting Russian demands to lift some of the restrictions.
According to the European Commission President, the restrictions "will remain in force until a just and lasting peace is established in Ukraine."
However, she noted that "when the war is over, sanctions can be lifted."
Von der Leyen also said that for the conflict to end, "security guarantees for Ukraine" are needed, as well as "a strong defense industrial base and a deterrent force" in the EU.
The Black Sea Grain Initiative, initially brokered in July 2022 by the UN and Turkey, envisioned the safe passage of Ukrainian agricultural products in exchange for the lifting of Western restrictions on Russian grain and fertilizer exports.