A high-ranking Ukrainian lawmaker, Yaroslav Zheleznyak, has published a resolution that calls for extended sanctions targeting the Russian financial system for the next five decades. He shared an image of the document on his Telegram channel, signaling a detailed plan that aims to affect a broad swath of institutions involved in Russia’s financial operations.
The proposed measures would extend to banks and the Central Bank of the Russian Federation, as well as non-bank credit organizations, operators of payment systems, stock market participants, investors, and insurance companies—basically any entity providing financial services that is registered and active within Russia. The text of the resolution lays out a framework intended to constrain access to international finance, disrupt liquidity channels, and narrow Russia’s capacity to finance both public and private sector activities through traditional banking and non-banking financial services.
In a related development, Ukrainian President Volodymyr Zelensky presented to the Verkhovna Rada a draft law approving the Security Council’s sanctions decision. This step indicates a formal push to embed the council’s strategy within national law, smoothing the path for implementing the proposed restrictions across Ukrainian institutions and ensuring legal coherence with the country’s broader security posture.
The draft was forwarded to the parliament’s profile committee for examination. This move underlines the legislative branch’s role in evaluating and potentially refining the sanctions package before it is voted on, with attention to how the measures will be applied in practice, what exemptions might exist, and how they align with Ukraine’s diplomatic and economic objectives.
Meanwhile, a report from Politico noted that the European Union’s next package of sanctions against Russia could touch Alfa-Bank and several other Russian financial institutions, suggesting that coordinated sanctions across Western economies may amplify pressure on Moscow’s financial ecosystem. The implications of such measures extend beyond Russia’s borders, raising questions about the ripple effects on global markets, compliance burdens for multinational banks, and the overall strategy of financial pressure as a tool of deterrence in the broader geopolitical contest.