There is a need to step up efforts on sanctions against Russia and to synchronize Ukraine’s sanctions with those of its partners.
President of Ukraine Volodymyr Zelensky stated this during a video address, according to Ukrinform.
“We are also preparing a significant intensification of work on sanctions against Russia over this war. These are both new sanctions by us and our partners, as well as synchronizing sanctions. Russia exploits every sanction loophole to fund its war. Accordingly, we must maximize the synchronization of all sanctions – our partners’ sanctions in Ukrainian jurisdiction, Ukrainian sanctions in our partners’ jurisdictions, and partners’ sanction regimes must be harmonized among them as well,” the head of state said.
According to Zelensky, the sanctions have proven effective.
“We see in the ‘negatives’ in the Russian economy, their budget problems, production issues – sanctions really work. There must be more of this to drain Russia’s economic potential,” he emphasized.
As Ukrinform reported, the European Union has approved its 18th package of sanctions against the Russian Federation — described as “one of the toughest to date.”
Source: Zelensky stresses need to intensify and synchronize sanctions against Russia
