The main sanction has not yet been introduced: how to inflict the greatest economic damage on Russia

The West introduced many restrictions that turned out to be really effective against the regime of Vladimir Putin. But there is still no main sanction.

About this 24 Channel said the largest foreign investor in Russia until 2005, William Browder, noting that the West introduced a number of sanctions that turned out to be especially painful for Putin.

First of all, it was the “freezing” of Russian reserves central bank. This also includes the “freezing” of the assets of the oligarchs of the aggressor country. We should not forget about the ban on the work of Russian banks and other companies in international markets. Also important was the exit of many international companies from the Russian market. All this has caused difficulties for Russia.

Another sanction needs to be introduced

As Browder noted, there is still one important sanction that should be imposed against Russia. But, unfortunately, the West has not yet decided to take this step. This is an embargo on Russian oil.

The fact that Russia continues to sell oil to international markets allows it to earn hundreds of billions every year. As long as they earn this money, they can afford war. We must find a way to rid Russia of these incomes. The West is concerned about rising oil prices. Also, the West will continue to have to finance support for Ukraine. This is a stalemate. Therefore, I think that we should tighten our belts, try to extract oil in other countries and impose an embargo on Russian oil,” Browder emphasized.

In addition, it would be worth making another decision . Ukraine should still receive “frozen” Russian assets. This amount is about 300 billion dollars. The funds could be used to further support our state.

Sanctions against Russia: briefly

• US Treasury Secretary Janet Yellen emphasized that the United States could tighten its sanctions policy against foreign banks that continue to operate in Russia. This was discussed on the sidelines of a meeting of finance ministers of the G7 countries.
• The Japanese government imposed sanctions against Russian companies. These restrictions should prevent Russia from purchasing weapons from North Korea.
• The European Union is preparing a 14th package of sanctions. It will include persons who are associated with military affairs. The restrictions will also apply to those who contributed to the deportation of Ukrainians.