European Commission President Ursula von der Leyen warned Sunday, Russia would be cut off from international financial markets and denied access to major export goods if it invaded Ukraine, per German public broadcaster ARD.

Key quotes

"Russia would in principle be cut off from the international financial markets," 

sanctions would be imposed on "all goods we make that Russia urgently needs to modernize and diversify its economy, where we are globally dominant and they have no replacement."

"The move to sanctions is so enormous and consequential that we know we must always give Russia a chance to return to diplomacy and the negotiating table.”

"This window is still open."