• Українською
  • Sanctions should weaken russian economy and make financing the war impossible: Yuliia Svyrydenko
    Ministry of Economy of Ukraine, posted 25 January 2023 22:07

    It is important that sectoral and individual sanctions imposed in Ukraine are reflected in sanctions imposed by the United States, the European Union, and other partners. This is exactly what the work within the country is aimed at: the work of the Interdepartmental Working Group (IWG) on sanctions policy implementation, the Yermak-McFaul Group, the Verkhovna Rada, and other authorities.

    This was emphasized by First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko during a live broadcast of the National Telethon on January 25.

    “Our IWG believes that special attention should be paid to imposing sanctions on the russian IT sector, the banking sector and everything related to military matters, including logistics companies involved in the transportation of weapons and senior military leadership. We need to finalize these items. And it is very important that the sanctions are mirrored by our partners,” said Yuliia Svyrydenko.

    She added that the key task of Ukraine’s sanctions policy was to weaken the economy of the aggressor state and prevent financing the war, arms production and arms supplies. The Government of Ukraine evaluates the effect of sanctions in terms of decline in the russian economy and its revenues. In this context, the restrictions imposed by our international partners, namely the embargo on energy, in particular, on oil products, which bring russia the most revenue, are important. Ukraine will continue to insist on a full embargo on russian oil.

    The First Deputy Prime Minister also commented on the results of the Economic Forum in Davos, noting that Ukraine’s presence in global discussions was an important signal not only in terms of overcoming the war, but also in discussing the future.

    “The task of the Ukrainian delegation was to raise the issue of providing Ukraine with the necessary weapons, strengthening the sanctions policy against russia, discussing the peace formula proposed by Volodymyr Zelenskyy, and attracting investment in our economy. We had a large number of both diplomatic and business meetings with entrepreneurs and investment companies who were considering starting a business in Ukraine without waiting for the war to end. This will be their contribution to the victory of Ukraine,” said Yuliia Svyrydenko.