Sanctions plan against Russia 70% implemented – Office of the President

KATERYNA TYSHCHENKO – THURSDAY, 8 SEPTEMBER 2022, 23:26

Andrii Yermak, Head of the Office of the President of Ukraine, said that the sanctions plan against the Russian Federation, which was drawn up in April of this year, is 70% implemented.

Source: website of the Office of the President of Ukraine, quoting Yermak during an online meeting of the International Expert Group on Sanctions against Russia [known as the Yermak-McFaul group after its to heads, Andrii Yermak and Michael McFaul, former US ambassador to Russia, on the US side].

Details: Yermak congratulated the members of the group on achieving a "significant result". "70% implementation of the Action Plan presented in April this year".

The Head of the Office of the President presented the members of the Yermak-McFaul group with new topics for discussion, including, first and foremost, the issue of designating Russia a state sponsor of terrorism.

A visa ban for Russian citizens was another important issue that Yermak raised.

The members of the group discussed the need to introduce sanctions relating to nuclear energy, including a ban on importing uranium from Russia. The parties also touched upon the systematic, step-by-step implementation of the price cap on Russian oil, which will significantly reduce budget revenues of the Russian Federation and affect its oil production industry.

Background:

• On 20 April, the working group presented an action plan concerning sanctions against the Russian Federation, which included – aside from the energy embargo – measures that were designed to prevent Russia from evading the already existing sanctions and further isolate Russia financially and economically.
• On 18 June, Yermak reported that almost 50% of the sanctions had been implemented.

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