ZELENSKIY SAYS RUSSIA WILL NOT SURVIVE IF 100% OF SANCTIONS REALLY WORK AND IF NOBODY PLAYS GAMES WITH LIFTING SANCTIONS ON SOME OLIGARCHS

Ukrainian President Volodymyr Zelenskiy stated that Russia would not survive if sanctions operated at full effectiveness and if no party moved to lift restrictions on certain Russian oligarchs. The remarks frame sanctions enforcement, particularly on individual asset holders, as a central lever in the broader economic pressure campaign against Moscow. For markets, the transmission runs primarily through sanctions-risk premia and capital-flow restrictions, affecting Russian sovereign debt, ruble-denominated assets, and Russian equities that remain largely inaccessible to Western investors. Exposure is concentrated in European banks and asset managers with residual Russia-linked counterparty or frozen-asset positions, as well as commodity traders whose flows touch sanctioned energy and metals channels. Traders should watch for any formal EU or US Treasury (OFAC) decisions on delisting or renewing individual designations, as these would directly test whether the enforcement posture described is being maintained.

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