Sanctions Are the Most Effective Tool to Influence the Aggressor: The Draft Concept of State Sanctions Policy Has Been Approved
12.09.2022 | 10:40 | Section for Public and Mass Media Relations
The concept will provide for a more systemic, weighted and strategic approach to the sanctions policy, in particular, in relation to persons involved in russia’s war against Ukraine and the creation of threats to national security.
The interdepartmental working group on the implementation of the state sanctions policy chaired by Yuliia Svyrydenko, First Vice Prime Minister – Minister of Economy of Ukraine, at the meeting on 9 September considered and approved the draft Concept of State Sanctions Policy.
“The draft Concept developed by our group provides for a more systemic, weighted and strategic approach to the formation and implementation of the sanctions policy,” said Yuliia Svyrydenko. “Sanctions are a very powerful tool. If used correctly, it gives exactly the results expected. Until now, Ukraine’s sanctions policy was based mainly on prompt response to challenges, which is also right and required. But sanctions can have a greater effect under the condition of a systemic approach through medium-term and long-term planning. Sanctions are a tool not only of response but also of prevention. This is the philosophy embedded in the Concept. In our opinion, sanctions should become the most important and effective tool of influence on foreign states, legal entities and natural persons involved in russia’s war against Ukraine, harming the national interests of Ukraine and posing a threat to the national security of our country.”
The draft Concept of the State Sanctions Policy will be submitted to the National Security and Defense Council of Ukraine for adoption of a decision on its approval, which will later be put into effect by the Decree of the President of Ukraine.
Let us remind that the Interdepartmental Working Group on Implementation of the State Sanctions Policy was created by the decision of the Cabinet of Ministers dated 30 August. Its members include representatives of different ministries, the President’s Office of Ukraine, the NSDC Staff, law enforcement, intelligence and other state bodies and departments.
Based on the group’s work results, the Government has already approved proposals for sanctions against Rosatom as well as its connected/affiliated natural persons and legal entities.
Read also:
-
19.11.2024 | 16:15
| Section for Public and Mass Media Relations
Meeting of Special Representatives for Ukraine’s Recovery from 19 Countries Held in Warsaw
On 14 November, Warsaw hosted a meeting of Special Representatives for Ukraine’s recovery from 19 countries as part of the EU-Ukraine Investment Conference. The Ministry of Economy of Ukraine co-organised this year’s event. The meeting was opened by the Prime Minister of Ukraine, Denys Shmyhal. Attendees included representatives from the Ministry of Economy, the Ministry for Communities and Territories Development, the Ministry of Energy of Ukraine, and Special Representatives for Ukraine’s Recovery from 19 countries, including the USA, the United Kingdom, France, Italy, Canada, Sweden, the Netherlands, as well as the European Union, represented by two Directorates-General — DG GROW and DG NEAR.
-
19.11.2024 | 16:09
| Section for Public and Mass Media Relations
The European Commission approved €4.1 Вillion tranche for Ukraine under the Ukraine Facility
Today, the European Commission approved the second scheduled payment to Ukraine under the EU’s Ukraine Facility initiative, amounting to approximately €4.1 billion. This mechanism supports Ukraine in maintaining macro-financial stability and ensuring the effective functioning of state institutions. The final decision on the disbursement now rests with the EU Council, and the funds are expected to be transferred to Ukraine’s budget by the end of the year, bringing the total financing for 2024 to €16.1 billion.
-
19.11.2024 | 15:49
| Section for Public and Mass Media Relations
Yuliia Svyrydenko Meets with IMF Mission: Discussed Strengthening Economic Resilience and Future Cooperation
First Deputy Prime Minister and Minister of Economy of Ukraine, Yuliia Svyrydenko, held a meeting with the International Monetary Fund (IMF) mission, which commenced work in Kyiv for the sixth review of the Extended Fund Facility (EFF) programme. The discussions focused on progress in meeting the indicators of the Ukraine Plan under the Ukraine Facility financing programme, key economic projections for 2025, a new financing model for the eOselia programme, and labour market reforms. -
19.11.2024 | 15:40
| Section for Public and Mass Media Relations
DFC, AON, and ARX Sign Agreement on War Risk Reinsurance
During the EU-Ukraine Investment Conference, the US International Development Finance Corporation (DFC), in collaboration with international insurance and reinsurance broker AON and Ukrainian insurance company ARX, signed an agreement to launch a war risk reinsurance mechanism.
-
19.11.2024 | 15:32
| Section for Public and Mass Media Relations
Ministry of Economy Developing Approach to Restoring Land in De-Occupied Territories
The Ministry of Economy has taken the lead in forming a working group to establish a soil analysis system for areas affected by military operations and to develop recommendations for farmers working on such lands. This was announced by Deputy Minister of Economy of Ukraine, Ihor Bezkaravainyi, during the “Territory Clearance: Soil and Infrastructure Restoration” Forum.