European Commission President Ursula von der Leyen has admitted that the sweeping sanctions placed on Russia in recent days in response to Moscow's military campaign in Ukraine will have a detrimental impact on Europeans as well, according to Russian Times.

Von der Leyen responded affirmatively to a Euronews correspondent's remark on Sunday that "of course Europeans and Europe will have to pay a price for these measures," stating that "every battle comes at a cost." According to the official, Brussels is unfazed by the potential economic fallout from Russia sanctions, and will continue to support Ukraine with "strong solidarity,"

The EU's willingness to take in Ukrainian refugees, as well as "financial support" and "military equipment support," were cited by the EU chief as proof of the bloc's commitment to Kiev. Ukraine shares "EU values" and is protecting its "principles," according to the President of the European Commission.

On Friday, Paschal Donohoe, the Irish Minister for Finance and President of the Eurogroup, a body comprising of Euro area Finance Ministers, also indicated that "economic costs" for Europe "will emerge over the coming weeks and months." "The impact will be different for different member nations," he said.

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