The International Working Group on Russian Sanctions
Latest from the Working Group
Read the two latest papers, "Using Energy Sanctions to Shorten the War," and "Why and How the West Should Seize Russia’s Sovereign Assets to Help Rebuild Ukraine." Additional papers, statements, and analysis are available below.
“Making Putin Pay,” a Project From the Renew Democracy Initiative (RDI)
As the human and financial toll of Putin’s war climbs with each passing day, there is a growing global consensus that Russia has an obligation to pay for the death and destruction that it has wrought on the Ukrainian people. Repurposing Russia’s frozen reserves—the single largest untapped source of funding for Ukraine’s reconstruction—is quickly gaining momentum among Ukraine’s allies as a bold and necessary policy action
Working in coordination with Kaplan Hecker and Fink LLP on behalf of the Renew Democracy Initiative (RDI), Harvard professor and constitutional scholar Larry Tribe has assembled a team of leading lawyers to produce a more comprehensive and definitive analysis of the key legal and policy issues for policymakers in the United States and international community considering the transfer of Russian assets to Ukraine.
READ the REPORT
Strengthening Sanctions against the Russian Federation
We have convened a working group of independent, international experts to recommend new economic and other measures to pressure Russian President Vladimir Putin to end his invasion of Ukraine as soon as possible and restore Ukraine’s territorial integrity within its internationally recognized borders. Our working group aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine, and support democratic Ukraine in the defense of its territorial integrity and national sovereignty.
Our group applauds the actions that have been taken by dozens of governments around the world to sanction Russian companies and individuals, put in place export controls to Russia on critical technologies, and pressure private companies to stop doing business in Russia. We also applaud the steps that have been taken independently by private companies from around the world to stop trading, investing, and doing business in and with Russia. We welcome the actions taken by multilateral financial institutions to suspend their activities with Russian partners. At the same time, we believe that more – much more – can be done to urgently increase pressure on Putin to withdraw his army from Ukraine. We stand with Ukraine in seeking to stop the flow of revenues that underwrite Russia’s brutal war and atrocities against civilians.
While seeking input from and coordination with numerous governmental officials – including especially from the Government of Ukraine – as well as private companies, all members of our working group participate in their individual capacities. We are united in believing that sanctions on Russia should be expanded as quickly as possible until Putin withdraws Russian armed forces from Ukraine. Some now argue that there is nothing left to do regarding economic pressure on Russia; our working group radically disagrees. Finally, we recognize that tightened sanctions, which impede revenue flows and increase the cost of this war, are not a substitute for military and humanitarian assistance, diplomacy, or other foreign policy instruments that should be debated and pursued separately. Our focus here is just on one aspect of the larger, international strategy needed to help end this horrific war.
Assessment of Impact
Memos, Articles, and Commentary
An Update on the Russian Economy with Elina Ribakova and Sergey Aleksashenko
Expert Insights on Sanctions: Interview with Vladyslav Vlasiuk
Why Are Russian Oil Products Still Being Sold in America?
Testimony Before the Standing Committee on Foreign Affairs and International Development of the Parliament of Canada
A Theory of Price Caps on Non-renewable Resources
Tracing the Sanctions Violators and Expanding the Alliance
In the News
Meet the Gray Cardinals of Anti-Russian Sanctions
Yermak-McFaul International Expert Group Presents New Action Plan to Enhance Sanctions Against Russia
Office of the President of Ukraine
Sanctions Against Russia are Working, but There Are Opportunities to Toughen Them – Study Conducted by Yermak-McFaul International Expert Group Jointly with KSE Experts
Office of the President of Ukraine
The following are not all published by Working Group members but are useful for understanding the many issues surrounding Russia's war on Ukraine.
Working Group Members
Dr. Anders Åslund
John E. Herbst
Edward C. Chow
Dr. Kathryn Stoner
Eric T. Johnson
William B. Taylor
Dr. Benjamin L. Schmitt
Timothy Garton Ash
Dr. Maria Shagina
Economists for Ukraine (econ4ua.org) is a group of economists with expertise in macroeconomics, finance, behavioral economics, public finance, innovation, and game theory, organized by Ukrainian-American Economists (Tania Babina, Tetyna Balyuk, Tatyana Deryugina, Anastassia Fedyk, Yuriy Gorodnichenko, James Hodson, Ilona Sologub) to help end Russia’s war in Ukraine. Our group works to raise awareness about important issues with regards to stopping Russian aggression, as well as future consequences, new sanctions to impose on Russia, coordination with international organizations about economic policy responses, humanitarian efforts, a Marshall plan to rebuild Ukraine, and opportunities for Ukrainian scholars and students abroad.