The key relevant sanction is a price cap on exports of oil and oil products to third countries. Advanced democracies do not buy Russian oil, with some exceptions. If Russia sells oil at prices above the price cap, the tankers transporting the oil cannot be insured by the West3/

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I was just woken up by the resonating sounds of explosions and the buzzing of drones overhead in Kyiv. The air defense system is active. I've witnessed numerous Shakheed drones being intercepted. The explosions are deafening. 1/

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I can't help but think these attacks on civilians are driven by the Kremlin's frustration over the G7's security assurances to Ukraine, and its lack of ability to do anything about it politically or military. 2X

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3. The EU 50 billion is expected to be matched by a similar amount from non-EU partners, including the U.S. 4. The program is based on a realistic recovery scenario of returning to pre war GDP for Ukraine + 10% growth in 4 years. 2/

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More good news from Ukraine. The EU announced 50 billion euro support for Ukraine two weeks ago in London. Now, this support is becoming operationalized. The EU and Ukraine are working on specifics of the program. 1. 4 year long 2. Credible macroeconomic model 1/

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8. Further intensification of sanctions, asset freezes, creating mechanisms for the collection of reparations, and prosecuting those guilty of crimes against Ukraine and Ukrainians in accordance with international law norms. 5/

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4. Assist to improve Ukraine's economic and energy stability 5. Technical and financial aid 6. Structure of response to potential new aggression: immediate consultations to equip Ukraine with necessary defenses as swiftly as possible on land, at sea, and in the air. 3/

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The security guarantees envisage: 2. Assisting Ukraine in self-defense and preempting new aggression. 3. Arms supplies, support in developing defense industry capabilities, training, cooperation in intelligence and cybersecurity. 2/

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