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Draghi says Europe lacks means to deter Russia over Ukraine

Former ECB president hints that time as Italian premier might be coming to an end

Italian prime minister Mario Draghi has admitted that Europe has few tools to deter Russia from a military confrontation with Ukraine, as tension mounts over Moscow’s intentions towards Kyiv.

Speaking at an end-of-year press conference in Rome, Draghi drew attention to the EU’s lack of its own military force and also pointed to weaknesses in any sanctions that might be directed at the Kremlin.

“Do we have missiles, ships, cannons, armies? At the moment we don’t and at the moment Nato has different strategic priorities.”

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