Gentlemen, good afternoon to both of you. Thank you very much for coming here.
Mr. Nephew, I'd like to start with you. You've written some articles, and I'd like to quote something that you wrote. You wrote that “...outright resolution should not necessarily be the objective of enhanced sanctions against Russia.”
I'm sure that you have the same thoughts regardless of the targeted country, so can you explain the appropriate role of what sanctions should be and how they can be part of a foreign policy tool for the government?