EU sanctions against Russia are already showing their effect, Germany reserves the right to new sanctions, there will be no taboos, German Chancellor Olaf Scholz said.

The Chancellor added that the EU sanctions are already showing their effect. “In the last week alone, the Russian stock exchange has lost more than 30%. This shows that sanctions are working. We retain the right to further sanctions without any taboos,” he said, speaking at an emergency meeting of the Bundestag.