Foreign Policy

Experts made proposals for expanding sanctions against Russian Federation

26.09.2019

On Thursday, the 26th of September, in agency "Ukrinform" representatives of Ukrainian think tanks and social organizations presented a study "Sanctions against Russian Federation", in which they reviewed current impact of sanctions on the economy and policy of Russian Federation and proposed a list of persons and companies which should be subject to the sanctions.

"When the return to PACE of Russian delegation happened, and statements of G7 leaders about possibility of returning Russian Federation to G8 were made, it became clear that USA and EU may begin the process of liquidation of sanctions against Russia," noted senior advisor of ICPS Vasyl Flipchuk. "If the process of sanctions reviews really begins, it will be extremely difficult to stop it or to expand sanctions lists."

According to him, in the preparation and discussion of studies took part experts of International Centre for Policy Studies, Ukrainian Institute for the Future, polish non-governmental initiative "Sanctions 2020", experts of Institute of World Policy and a number of other think-tanks.

Expert of ICPS Mykola Kapitonenko said that, taking into account experience of application of sanctions against Russia by almost four dozens of countries for more than five years, authors of research proposed recommendations about next steps in the process of the application of sanctions.

"The main aim of the sanctions regime should be the rise of the price of using power in violation of international norms for Russia, more intensive and widespread use of threat of sanctions," noted Kapitonenko. " The list of persons subject to personal sanctions should be expanded."

In particular, authors suggest that current sanctions list of influential persons who are involved in the annexation of Crimea or in war in the Donbas region, must be complemented by such persons as Sergei Roldugin, Ivan Savvidis, God Nisanov, Zarakh Iliev, Valery Gerasimov, Sergey Shoygu, Igor Shuvalov, Sergei Ivanov younger, Igor Chaika and Yury Chaika, Ruslan Rostovtsev, Yury Trutnev, Sergey Sobyanin.

"All this people contributed to the actions which are intended to the violation of territorial integrity and sovereignty of Ukraine and destabilization of international order in Europe," emphasized expert of ICPS Anastasiya Galushka. "Examples of legal entities are of great interest, for example of International Invest Bank, who avoided sanctions measures for some reason, although they are de-facto Russian. Their importance and impact in Russia should not be underestimated and sanctions which are in line with their role and participation in aggressive intentions of Kremlin should be implemented."

Igar Tyshkevich, expert of program "International and domestic policy" of Ukrainian Institute for the Future, noted that now 15 sanctions regimes are working in the USA Treasury and only one is Ukrainian.

"There is a notion "sanctions shock"," noted Igar Tyshkevich. "These are firs two-three years after imposing sanctions regime. It has been costly for Russia, about $180 million. But we estimate that Russia has already adapted to sanctions regime in 2016. From 2016 currency stabilization began.

He added that personal sanctions are efficient but subject to the absence of compensation mechanisms for the oligarchs: "To date, Russian Federation have triggered the compensation process through state procurement on key areas. We should talk about mechanism that will help to restrict Russian Federation in these compensating mechanisms. If we do not do this, personal sanctions have no value."

Senior advisor of ICPS Vasyl Flipchuk emphasized that the research results with recommendations would be communicated to the Ukrainian authorities, National Security and Defense Council of Ukraine, to the European Parliament Committee on Foreign Affairs and to other authorities concerned of EU and USA.

The study can be found here.

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