Economists for Ukraine



Strengthening Financial Sanctions against the Russian Federation

In this paper, we propose further financial sanctions to increase the cost to Russia’s invasion of Ukraine, based on further targeting two key vulnerabilities. The first targets Russia’s reliance on the U.S. Dollar and Western currencies as a reserve currency to back the Ruble. The second vulnerability is the Russian economy’s dependence on the Western financial system for a range of services.
By The International Working Group on Russian Sanctions

Statement on EU Sixth Sanctions Package

The West must maintain and step up the sanctions pressure on Russia in order to persuade the Kremlin that it must end its war against Ukraine. The working group applauds the EU’s decision to impose a 6th package of sanctions to sustain pressure on the Russian economy, reducing the regime’s ability to wage war in Ukraine.
By The International Working Group on Russian Sanctions

The Real Price of Russian Oil and Gas

The EU has refused to immediately and fully embargo Russian oil and gas purchases out of fear that it would throw the continent into an industrially-led recession, or would cause a much larger spike in prices. These arguments do not reflect the reality of supply-side elasticity in the oil and gas markets, and ignore the enormous costs that we are paying already as a result of the purchases of oil and gas from Russia
By James Hodson

The International Working Group on Russian Sanctions

The International Working Group on Russian Sanctions is comprised of a number of independent, international experts. The group is focused on recommending new economic and other measures to pressure Russian President Vladimir Putin to end his invasion of Ukraine and restore Ukraine’s territorial integrity.
By Anastassia Fedyk, Tania Babina, Tetyana Balyuk, Ilona Sologub, James Hodson, and Yuriy Gorodnichenko