{"id":175234,"date":"2022-04-12T17:27:08","date_gmt":"2022-04-12T14:27:08","guid":{"rendered":"https:\/\/uacrisis.org\/?p=175234"},"modified":"2022-04-12T17:27:34","modified_gmt":"2022-04-12T14:27:34","slug":"ukraine-in-flames-33","status":"publish","type":"post","link":"https:\/\/uacrisis.org\/en\/ukraine-in-flames-33","title":{"rendered":"Ukraine in Flames. What sanctions against Russia are necessary for Ukrainian victory?"},"content":{"rendered":"\n
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Russia has left North Korea, Iran, Syria and Iran behind in \u2018the most sanctioned country ever\u2019 competition. The number of sanctions Russia received since February 24 has reached 8,000, and continues to grow. <\/p>\n\n\n\n

Ukraine is still the biggest sufferer of the war, not the sanctioned Russia. Sanctions have started to hurt Russia, but it\u2019s a mixed picture. Notoriously, Russia\u2019s pipeline gas revenue is still up and fetching much higher prices compared to a year ago. In January 2022, Russia earned $ 9.5 billion from the pipelines, compared to $ 3.4 billion a year earlier. The World Bank is now predicting the Russian economy will shrink by 11 percent in 2022, but Ukraine is likely to face a 45 percent contraction. <\/p>\n\n\n\n

Since the biggest consumers of Russian gas are the EU states, there is still potential to further pressure the aggressor. Notably, the energy embargo has not been fully imposed by the EU. The European Commission\u2019s most recent – sixth – round of sanctions against the Russian Federation will include restrictions on gas and oil exports and, hopefully, a much stronger cooperation to improve implementation of the already imposed restrictions. <\/p>\n\n\n\n

How will the upcoming sixth round of sanctions hit Russia? What further restrictions on the aggressor will help Ukraine’s victory? See in Ukraine in Flames #33. <\/p>\n\n\n\n

Speakers: <\/p>\n\n\n\n