Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

Whatever we decide to do, we will do on a European level because that is the only way it is going to be effective. We need to hit Russia and we need to hit Putin where it hurts, and that is going to include financial sanctions and sanctions against the flow of money and banking activities. That may have a negative impact on our State, but we have to do it because it is the right thing to do. We will do it on a European level, because if we do it unilaterally, the money will just flow elsewhere and it will not have an effect.

There is going to be an emergency meeting of the European Council and I believe the Taoiseach will attend that this evening. Certainly, he has my support, the support of the Minister for Finance and the full support of the Government in signing up for any EU sanctions that are necessary, even if they, unfortunately, have a negative impact on us.

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