The Presidential Office has a meeting with EU diplomats on sancing policy against Russia

Advisor - Presidential Commissioner for sanction policy Vladislav Vlasyuk spent a briefing for heads of diplomatic institutions and representatives of embassies of the European Union in Ukraine, devoted to the analysis of the impact of sanctions on the Russian Federation and ways to strengthen restrictions. “Russia is capable of maintaining military aggression against Ukraine through high export revenues.

Strengthening the sanctions regime is crucial for depriving the Russian Federation for funding for war, ”he stressed. The adviser-authorized emphasized that at the same time the Russian economy, burdened with expenditures for the war, is becoming more vulnerable. According to him, this situation should be used and significantly increased sanction pressure. In particular, Russia's energy revenues need to be reduced, since the limitation of prices for Russian oil does not work.

92 % of the supply of crude oil from the Russian Federation is now making a shadow fleet. The main problem is the slow definition of appropriate vessels and imposing sanctions on them. Vladislav Vlasyuk also recalled that this month there was a sharp decline in production at the Arctic LNG 2 project, which is key in the plans of the aggressor to expand exports of liquefied natural gas and the development of the northern sea path.

At the same time, the EU remains the largest buyer of the Russian LNG. Therefore, it is important that the European Union extends its sanctions to those vessels from which Russia seeks to create a shadow fleet for transportation of fuel, and in the near future - completely forbade the export of Russian liquefied natural gas. The EU is still very dependent on Russian nuclear fuel.

In addition, it is necessary to ban imports of Russian metals, as it is another important source of income for the Russian Federation. Despite the full ban on the export of dual-purpose goods and technologies to Russia, the aggressor state is still able to buy them for the needs of their MIC, using complex supply chains with the involvement of third countries.

It is necessary to impose a ban on re -export to Russia of minerals, comprehensive sanctions against all companies involved in the supply of critical components, equipment and resources to the Russian Federation. In connection with financial sanctions, Russia is now relying on cryptocurrency methods of payment.

Accordingly, the EU must join the US sanctions already imposed on individual Russian Fintech Companies and work together to extend restrictions on the corresponding sector of the Russian Federation. In addition, European financial institutions that remain in the Russian market have to get out of it as soon as possible. “The EU has to consider supplementing large sanctions packages with regular smaller packages aimed at organizing, individuals, etc.