Through this paper, the working group aims to share its expertise and provide assistance to international efforts focused on the formulation of sanctions to increase the cost to Russia and support Ukraine in the defense of its territorial integrity and national sovereignty.
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.
Saving oil will lower world prices, help the EU introduce the embargo, and reduce Russia’s oil revenues. Each of us can do our part!
Together with fellow leading Ukrainian economists, we’ve compiled suggestions on how to maximize the impact of individual donations and be sure you’re giving wisely.
Dear Professor Chomsky,
We are a group of Ukrainian academic economists who were grieved by a series of your recent interviews and commentaries on the Russian war on Ukraine. We believe that your public opinion on this matter is counter-productive…
We explore the determinants and consequences of U.S. corporations limiting their business operations in Russia in the immediate aftermath of the 2022 Russian invasion of Ukraine.
Russia’s economy and budget are underpinned by revenues from the sale of oil and gas, primarily to Europe. This working paper provides new ideas about energy sanctions that would help cut off a vital supply of funds for the Russian government.
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
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