In a statement German Chancellor Olaf Scholz said, he expects clear steps from Russia to de-escalate a potential conflict with Ukraine, saying Germany and its Western allies are prepared for serious dialogue with Russia over European security.

“We are ready for a serious dialogue with Russia on European security issues,” said Scholz after meeting Ukrainian President Volodymyr Zelenskiy.

Scholz also announced new credit of $170 million (150 million euros) from Germany to Ukraine saying the West was ready to impose “very far-reaching and effective sanctions” if Russia violated Ukraine’s territorial integrity.

($1 = 0.8839 euros)

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Tags: Chancellor, conflict, de-escalate, dialogue, diplomacy, European security, German, Germany, Moscow, Olaf Scholz, Russia, Russian, territorial integrity, Ukrainian President, Volodymyr Zelenskiy