The International Working Group on Russian Sanctions

The International Working Group on Russian Sanctions

Current proposals by the International Working Group on Russian Sanctions focus on ending Russia's invasion of Ukraine.

Latest from the Working Group

Download the new white paper "Strengthening Financial Sanctions against the Russian Federation," read the statement on European energy security and Siemens turbines, and see the most recent Washington Post op-eds from Michael McFaul.

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. 

Papers

Statement on European Energy Security and Siemens Turbines

Statement Before the G-7 Meeting

Statement on EU Sixth Sanctions Package

Working Group Paper #1

Action Plan on Strengthening Sanctions against the Russian Federation

Документ робочої групи #1

План дій щодо Посилення санкцій проти Російської Федерації

Working Group Paper #2

Energy Sanctions Roadmap: Recommendations for Sanctions against the Russian Federation

Документ робочої групи #2

Дорожня карта енергетичних санкцій: Рекомендації щодо санкцій проти Російської Федерації

Working Group Paper #3

Individual Sanctions Roadmap: Recommendations for Sanctions against the Russian Federation

Документ робочої групи #3

Дорожня карта індивідуальних санкцій: Рекомендації щодо санкцій проти Російської Федерації

Working Group Paper #4

Strengthening Financial Sanctions against the Russian Federation

Документ робочої групи #4

Посилення фінансових санкцій проти Російської Федерації

Memos and Articles

A Visa Ban Is a Sanction the West Should Impose

Are Those Corporate Compliance Policies Just a Pile of Papers, or a Reflection of Values?

Don’t Stop Now — Tech Sanctions Can Wreck Putin’s War Machine

Yes, It Hurts: Measuring the Effects of Western Sanctions Against Russia

The EU’s Relations with a Future Democratic Russia: A Strategy

The Myth of Putin as World Energy Czar is Running Out of Gas

Foreign Policy: Actually, the Russian Economy is Imploding

Business Retreats and Sanctions Are Crippling the Russian Economy

SLIDE DECK: Business Retreats and Sanction Are Crippling the Russian Economy

Staying Reputable on Russia

CSIS - Smart Oil Sanctions Against Russia

Russia Sanctions: Adapting to a Moving Target

Zelensky Unplugged: Ukraine’s Rresident Gives American CEOs Advice and Sobering Warnings about ‘Our Common War’

Naspers to Sell Russia’s Biggest Online Classifieds Business Avito

Kyiv Post: Sanctions and the “Art of Smart”

The Right Way to Sanction Russian Energy

Moritz Schularick Argues that Germany Should Immediately Cut Off Russian Gas

Making the GTS Europe’s Sole Channel of Gas Sales with Russia

Russia Sanctions – Climbing the Escalation Ladder

Macro Notes – Russia: Payments Systems and Digital Ruble

Curbing Russian Oil and Gas Revenues: Next Steps

Macro Notes: Impact of an EU Oil Embargo

Arguments for Priority Sanctions on Russia

Macro Notes – Europe’s National Gas Conundrum

Impact of Sanctions on Russian Economy

The Rigidity of Russian Oil Holds the Key to Smart Sanctions

Note on Gaps in Sanctions: US and EU

Oil Embargo Roadmap: Four Steps To a Full Embargo

Russian Oil's Achilles Heel

Macro Notes – Russia Sanctions: A Possible Energy Embargo

Macro Notes – Russia Sanctions: Financial Sector Stabilizing

Macro Notes – Russia: Economy to Contract Sharply in 2022

How to Stop Former Western Leaders From Becoming Paid Shills for Autocrats

Russian Energy Ban Myth Buster 

Sanctions Summary for the Period March 24-29

The Economic Rationale for Oil and Gas Embargo on Putin’s Regime

Recent Events

Benjamin Schmitt testifies on Russian energy before the Standing Committee on Foreign Affairs and International Development of the Canadian House of Commons

Testimony Before the Standing Committee on Foreign Affairs and International Development

Working group member Dr. Benjamin Schmitt offers testimony before the Canadian House of Parliment on the Kremlin's weaponization of energy.

Strengthening Individual Sanctions and Financial Sanctions

Strengthening Individual Sanctions and Financial Sanctions

The International Working Group on Russian Sanctions discuss their papers, "Individual Sanctions Roadmap: Recommendations for Sanctions against the Russian Federation,” and “Strengthening Financial Sanctions against the Russian Federation.”

U.S. Helsinki Commission: European Energy Security Post Russia

U.S. Helsinki Commission: European Energy Security Post Russia

Testimony from working group members Dr. Benjamin L. Schmitt and Yuriy Vitrenko before the U.S. Senate on the future of European energy needs and security.

War and Sanction: Resources from the government of Ukraine on current sanctions on Russia

War and Sanctions Database

A fully searchable global database of individuals and companies sanctioned, or yet to be sanctioned, in the wake of Russia's aggression against Ukraine. It includes links to the official decisions on sanctions, supporting materials, and analytics.

Working Group Members

  • Sergey Aleksashenko
  • Dr. Anders Åslund
  • Tania Babina
  • Tetyana Balyuk
  • Andriy Boytsun
  • Tymofii Brik
  • Charles W. Calomiris
  • Edward C. Chow
  • Anne Clunan
  • Tatyana Deryugina
  • Larry Diamond
  • Anastassia Fedyk
  • Edward Fishman
  • Daniel Fried  
  • Francis Fukuyama
  • Timothy Garton Ash
  • Yuriy Gorodnichenko
  • Sergei Guriev
  • Denis Gutenko
  • Steve Hellman
  • John E. Herbst
  • James Hodson
  • Eric T. Johnson    
  • Bronte Kass
  • Craig Kennedy
  • David Kramer
  • Sergiy Leshchenko
  • Oleksandr Lysenko
  • Michael McFaul
  • Christopher Miller
  • Benjamin Moll
  • Richard Morningstar
  • Iryna Mudra
  • Tymofiy Mylovanov
  • Dmytro Natalukha
  • Jacob Nell
  • Richard Nephew
  • Olesksandr Novikov
  • Steven Pifer
  • Andriy Pyshnyy
  • Lukasz Rachel
  • Elina Ribakova
  • Alexander Rodnyansky
  • Dr. Benjamin L. Schmitt
  • Moritz Schularick
  • Stephen Sestanovich
  • Dr. Maria Shagina  
  • Natalia Shapoval
  • Andrey Simonov
  • Maria Snegovaya
  • Daria Sofina
  • Ilona Sologub
  • Oleksandr Starodubtsev
  • Dr. Kathryn Stoner
  • William B. Taylor
  • Pavlo Verkhniatskyi
  • Yuriy Vitrenko
  • Vladyslav Vlasiuk
  • Denys Yatsyshyn
  • Svitlana Zalishchuk
  • Daria Zarivna

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.

FSI Resources

Some of the original Ukrainian alumni from the Draper Hills Summer Fellowship gather in Kyiv in 2013.

FSI’s Special Relationship with Ukraine