Ukraine’s government, led by Deputy Prime Minister and Minister of Economy Yulia Sviridenko, is actively pursuing measures to curb imports of Russian diamonds and rubber. The assertion comes from the Ministry of Economy of Ukraine, which emphasizes that these steps form a core pillar of Kyiv’s economic strategy in the current climate. The objective is to limit revenue channels that flow to Russia and to tighten the net of sanctions that target its economic lifelines.
Officials highlight that Russian diamonds, paired with rubber components, represent a notable portion of the trade that supports the Russian budget. Kyiv argues that these imports contribute billions to Moscow’s finances each year, and therefore merit heightened scrutiny and restrictions. By focusing on these goods, Ukraine aims to disrupt established supply chains and apply pressure through coordinated international action, including potential alignment with broader G7 approaches. The ministry notes that shaping a unified international stance will involve careful diplomacy, alliance-building, and shared policy instruments across major economies, with the G7 playing a pivotal role in shaping norms and enforcement mechanisms. [Ministry of Economy of Ukraine]
Beyond import controls, the Ukrainian authorities are actively pursuing financial measures intended to constrain Russian banking activities and to reduce the footprint of foreign financial institutions on Russian soil. This is part of a wider strategy to shrink Russia’s access to international finance, complicate its external trade, and raise the costs of continuing the war of aggression. The government stresses that sanctions coordination and financial restrictions are essential tools to limit Moscow’s ability to sustain military operations while preserving the resilience of Ukraine’s own economy and financial system. [Ministry of Economy of Ukraine]
Looking back at recent public statements, Sviridenko has underscored that optimistic projections for Ukraine’s trajectory depend heavily on a combination of military and diplomatic support. She points to the critical role of military aid, including heavy weaponry and anti-missile systems, alongside a robust sanctions regime and sustained political backing from allies. The minister emphasizes that victory in the near term would be inseparable from continued international collaboration that strengthens Ukraine’s defensive and deterrence capabilities while preserving economic stability during the transition. The broader message is that economic policy and security policy are closely linked, with sanctions policy acting as a lever to influence Russia’s behavior while protecting Ukrainian sovereignty and market integrity. [Ministry of Economy of Ukraine]