The International Working Group has developed a Roadmap for energy sanctions, which provides for the introduction of an import tax and the introduction of an escrow account for Russia.
The International Working Group on Sanctions against Russia Ermak-McFaul presented the second document developed – the Roadmap for Energy Sanctions: Recommendations on Sanctions against the Russian Federation. This was reported by the website of the President of Ukraine.
The document details the topic of energy sanctions, and is designed to help governments and companies around the world to formulate proposals for sanctions against Russia.
” The application of energy sanctions should increase the cost of invading Ukraine for Russia and help the Ukrainian state to protect territorial integrity, freedom and democratic values, “- said the website of the President of Ukraine.
The document contains policy recommendations that will help deprive Russia of oil and gas revenues on the one hand, and will minimize disruptions in markets and the world economy on the other hand.
Expert group:
- supports the decision of the European Commission on the implementation complete ban on imports of all Russian oil ;
- justifies gradual embargo on gas imports from Russia oil during the transition period.
Such mechanisms may be considered a priority by individual countries. These are:
- regulated import tax (or tariff);
- storage of funds for energy in a special escrow account.
In this regard, the document emphasizes the importance of disconnecting Russia from financial flows from gas exports , because Europe pays Russia much more for gas than for oil during the war.
Yes, the authors The roadmap for energy sanctions draws attention to the fact that:
- Russia's budget is based on revenues from energy sales, primarily to European countries;
- since February 24, the European Union has paid about $ 800 million daily. The United States is in favor of importing Russian oil and gas.
Special attention has been paid to additional sanctions to prevent circumvention of restrictions imposed on the energy sector. In particular, these are targeted sanctions against maritime export service providers bypassing the controlled sales regime.
In addition, the Roadmap proposes strategies to prevent the consequences of making Europe independent of Russian energy and to counter the use of energy resources as weapons.
Members of the Ermak-McFaul International Expert Group call on governments, as well as public and private companies, to take the Roadmap as a basis for further public promotion of energy sanctions against Russia to deprive it of funding for an aggressive and unjust war against Ukraine.
Read also: ZN.UA publishes proposals of the Ermak-McFaul working group on Western sanctions
It will be recalled that the international working group on sanctions against Russia is headed by the head of the Office of the President of Ukraine Andriy Yermak and the director of the Freeman-Spogli Institute for International Studies (FSI), former US National Security Adviser Ambassador Michael McFaul.
The damage caused to Ukraine as a result of the barbaric war is already measured in the hundreds of billions of dollars. The world's best lawyers will be involved in order for Russia to pay reparations to Ukraine.
– a special conditional account, which takes into account property, documents or funds before the occurrence of certain circumstances or the fulfillment of certain obligations. In particular, it is expected that such an account will be credited to the aggressor country for the sale of oil and gas to the West.
It should also be noted that Russia's Gazprom is no longer once lost in international arbitration cases, in particular through attempts to abuse the monopoly position in the gas market in Europe. Such victories are at the expense of Ukraine and Ukraine's closest neighbor – Poland.
Today, as a result of sanctions imposed on Russia, more and more countries are abandoning Russian oil and gas . Even Russia's until recently ally, Germany, has set itself the goal of abandoning Russian energy by the end of this year.
In addition, a number of countries have adopted a Russian embargo on energy supplies .
