At the Office of the President, another briefing for ambassadors and representatives of diplomatic missions from EU member states dedicated to Ukraine's sanctions priorities was held.
Deputy Minister of Economy Oleksiy Sobolev spoke about the key priorities of the sanctions policy set by the Interdepartmental Working Group on the Implementation of the State Sanctions Policy, led by Ukraine's First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko, in order to prevent Russia from financing the war, manufacturing, and supplying weapons. He also informed those present about the extent of economic restrictions applied by Ukraine to legal and natural persons from Russia and the military-industrial complex of Iran, the seizure and recovery of sanctioned assets, the funds from which are directed to the fund for the elimination of the consequences of armed aggression.
"Recovered Russian assets will essentially be the primary long-term source of support for Ukraine in rebuilding damaged infrastructure and compensating for the inflicted losses," Oleksiy Sobolev said.
Nataliia Shapoval, the Vice President for Policy Research at the Kyiv School of Economics, emphasized the urgency of partners' consideration of the improvement of the price cap mechanism for oil and petroleum products. Despite the functioning price cap, Russia continues to find ways to bypass it for the purpose of transporting oil, thus reducing the effectiveness of energy sanctions. Nataliia Shapoval provided detailed information to diplomatic representatives on how the aggressor country engages in fraud related to the certification of this crude oil in order to sell it at a higher price, transports oil using services from third countries, shadow fleets, and more.
Advisor to the Head of the President's Office Vladyslav Vlasiuk informed meeting participants about the sanctions priorities that, in accordance with the recommendations of the Yermak-McFaul Expert Group on Russian Sanctions, will have the most significant impact on the aggressor country's economy. These priorities include IT sanctions, restrictions on access to knowledge and technology, further energy sanctions, and restrictions that will be felt by every Russian citizen.
"Sanctions should genuinely affect every Russian citizen. This will provide a clear awareness that something is amiss with our country," Vladyslav Vlasiuk said.
The Advisor to the Head of the President's Office also emphasized the necessity of implementing personal restrictions on individuals involved in the production of weapons and "new oligarchs," as well as Russian propagandists.