Since Russia’s annexation of Crimea and the beginning of the war in Donbas in 2014, international sanctions have been a key instrument in exerting pressure on the Russian government to end the conflict. However, the current sanctions regime is plagued by a number of flaws and is in need of improvement. Vasyl Filipchuk and Anastacia Galouchka analyzed current sanctions, future prospects, and how the application of sanctions against Russia can be improved going forward in the context of their new report. The Latvian Ambassador to Ukraine H.E. Juris Poikans provided opening remarks.