The first package of proposals for immediate measures has been developed.
A group of international experts led by diplomat Michael McFaul and President of the Office of President Andriy Yermak has developed and published concrete proposals to strengthen sanctions against Russia. “Action Plan to Strengthen Sanctions against the Russian Federation” published on the website of the President's Office.
“This document contains proposals to strengthen US, European and world sanctions against Russia and Belarus. This could be the first document in a series that our group plans to release, “the statement said.
Experts insist on a total ban and embargo on Russian crude oil, petroleum products, gas and coal , banning both imports and exports. They point out that the European Union must immediately stop trade with Russia and Belarus in oil products.
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- establish a special and significant import duty , tariff or tax on imports of Russian crude oil and condensate;
- introduce measures that will force buyers of Russian oil and gas to make payments to escrow accounts, < strong> which will be inaccessible to Russia until the end of the war ;
- impose the threat of imposing blocking sanctions on any financial institution that violates the conditions of conditional storage (escrow);
- introduce tools to encourage other actions to mitigate and compensate for short-term supply disruptions, including the temporary extension of the operating time of nuclear and coal-generating facilities, as well as gas fields near the end of their service life;
- set intermediate dates complete cessation of Russian gas transportation to the EU through Nord Stream-1, Turkish Stream-2 and Yamal-Europe ;
- expand the capacity of liquefied natural gas terminals in Europe and build more interconnectors to increase non-Russian gas supplies to Europe, focusing on systems that can increase import capacity as quickly as possible.
In the financial sector, it is proposed to introduce a full list of sanctions against Specially Designated Nationals and Entities (SDN) against all Russian banks .
Start the next wave of sanctions is advised from the top 30 banks and financial institutions, including but not limited to: Gazprombank, Bank of Moscow, Rosselkhozbank, Transcapitalbank, Trust Bank, Rosbank, Tinkoff Bank, Point », and further on the critical financial infrastructure, which includes the Moscow Exchange (MOEX). Impose similar sanctions on all their subsidiaries and shell companies in Russia and abroad.
“Our working group seeks to share its knowledge and experience with governments and companies around the world by helping to formulate proposals for sanctions that will increase Russia's invasion of Ukraine and support a democratic Ukraine in defending its territorial integrity and national sovereignty,” it said. in the document.
Among the experts who joined the work of the international group:
- Serhiy Aleksashenko, Member of the Board of the Free Russia Foundation.
- Dr. Anders Oslund, Senior Research Fellow, Stockholm Free World Forum.
- Tanya Babina, Assistant Professor finance at Columbia University's Columbia Business School; Co-organizer of the group “Economists for Ukraine”.
- Tetyana Balyuk, Assistant Professor of Finance, Goizueta Business School, Emory University; Co-organizer of the group “Economists for Ukraine”.
- Andriy Boitsun, Ph.D., founder and editor of the Ukrainian SOE Weekly; Independent corporate governance consultant; former member of the Strategic Advisory Group in Support of Ukrainian Reforms (SAGSUR).
- Tymofiy Brik, Head of the Sociology and Decentralization Research Department of the Kyiv School of Economics; Co-organizer of the Ukrainian Global University.
- William B. Taylor, former US Ambassador to Ukraine; Vice President, Russia and Europe, US Institute of Peace, Professor of Financial Institutions, Columbia University Columbia Business School.
- Edward K. Chow, Senior Lawyer, Center for Strategic Studies and International Studies.
- Tatiana Deryugina, Associate Professor of Finance, University of Illinois – Urbana-Champaign; Co-organizer of the group “Economists for Ukraine”.
- Larry Diamond, Senior Research Fellow, Mosbacher, Freeman Spogli Institute for International Studies
- FSI, Senior Research Fellow, Hoover Institution, and Stanford University Professor.
- Edward Fishman, Additional Senior Research Fellow, Center for a New American Security; non-resident of Columbia University's Center for Global Energy Policy; former head of the US Department of State's Policy and Economic Sanctions Department and a member of the Secretary of State's Office of Policy Planning.
- Daniel Fried, former State Department Sanctions Coordinator and Assistant Secretary of State for European Affairs./li>
- Francis Fukuyama, Director of the Master's Program in International Politics (MIP) Susan Ford Dorsey, Senior Research Fellow, Olivier Nomellini, Freeman Spogley Institute for International Studies (FSI) and Professor, Stanford University.
- Timothy Garton Ash, Professor at Oxford and Stanford Universities.
- Yuri Gorodnichenko, Professor of Economics Quantedge, Department of Economics, University of California, Berkeley; Co-organizer of the group “Economists for Ukraine”.
- Serhiy Guriev, Professor of Economics, Science Poe, and former Chief Economist of the European Bank for Reconstruction and Development.
- Denis Gutenko, Research Fellow, Ukrainian Young Leaders Program, Stanford University, former head of the State Fiscal Service of Ukraine.
- Steve Hellman, Managing Partner of Mobility Impact Partners.
- James Hodson, Director and Chief Executive Officer, AI for Good Foundation; Co-organizer of The Economists for Ukraine.
- Bronte Cass, Program Manager, Freeman Spogley Institute for International Studies (FSI), Stanford University; Assistant Coordinator of the International Working Group on Russian Sanctions.
- David Kramer, Managing Director of Global Policy, George W. Bush Institute, Former Assistant Secretary of State for Democracy, Human Rights and Labor .
- Oleksandr Lysenko, Independent Corporate Governance Consultant; Member of the Ukrainian Bar Association.
- Michael McFaul, Director of the Freeman Spogli Institute for International Studies (FSI), Professor of Political Science and Senior Research Fellow, Hoover Institution, Stanford University; Coordinator of the International Working Group on Russian Sanctions.
- Christopher Miller, Associate Professor, Fletcher School, Tufts University.
- Benjamin Mall, Professor at the London School of Economics and Political Science.
- Irina Mudra, Director of the Compliance Department of the State Savings Bank Bank of Ukraine (Oschadbank).
- Tymofiy Milovanov, President of the Kyiv School of Economics; Associate Professor at the University of Pittsburgh.
- Dmytro Natalukha, MP, Chairman of the Verkhovna Rada Committee on Economy.
- Stephen Pifer, Research Fellow, William Perry , Center for International Security and Cooperation (CISAC), Stanford University, former US Ambassador to Ukraine.
- Andriy Pyshny, former Deputy Secretary of the National Security and Defense Council, former Chairman of the Board of Sberbank , Deputy of the Verkhovna Rada of Ukraine of the VII convocation.
- Lukasz Rachel, PhD student, Department of Economics, Princeton University.
- Oschadbank.
- Dr. Benjamin L. Schmitt, Project Research Scientist, Harvard University; Senior Researcher on Democratic Sustainability, Center for European Policy Analysis; Research Fellow, Rethinking Diplomacy, Duke University Center for International and Global Studies.
- Moritz Schularik, Professor of Po Po Sciences and University of Bonn.
- Stephen Sestanovich, Professor, School of International and Public Relations, Columbia University; Senior Research Fellow of the Council on Foreign Relations.
- Dr. Maria Shagina, Visiting Senior Fellow, Finnish Institute of International Affairs.
- Natalia Shapoval, Vice President for Political Studies, Kyiv School of Economics.
- Daria Sofina, National Agency on the prevention of corruption, Ukraine.
- Ilona Sologub, Scientific Editor, Vox Ukraine; Co-organizer of the Economists for Ukraine group.
- Oleksandr Starodubtsev, Deputy Head of the National Agency for the Prevention of Corruption, Ukraine.
- Dr. Catherine Stoner, Director and Senior Research Fellow at the Center for Democracy and the Rule of Law (CDDRL), Professor Mosbacher, Professor at the Freeman Spogli Institute for International Studies (FSI), Stanford University.
- William B. Taylor, former US Ambassador to Ukraine; Vice President for Russia and Europe at the US Institute of Peace.
- Yuri Vitrenko, Director General of Naftogaz of Ukraine.
style = “text-align: justify;”> Anastasia Fedik, Assistant Professor of Finance, Haas School of Business, University of California – Berkeley; Co-organizer of the group “Economists for Ukraine”.
