Russian oil exports have already decreased by 15-20% due to sanctions, as noted by the advisor-commissioner of the President of Ukraine for sanctions policy, Vladyslav Vlasiuk, during a meeting with delegations from the United States and Denmark.
The impact of recent U.S. sanctions against Russian oil companies and increased control over the implementation of export restrictions by the G7 on the supply of components critical for Russian weapons production were discussed during a meeting with US Treasury Department policy advisor Cyrus Newlin.
According to Vladyslav Vlasiuk, “due to the restrictions already in place, crude oil production in the Russian Federation is expected to decrease by 5% by the end of the year, while exports have already fallen by 15-20%. In addition, local budgets in Russian regions are facing increasing deficits.”
Joint work on the next European Union sanctions package was one of the key topics during the meeting with Michael Lund Jeppesen, Director for economic security at the ministry of foreign affairs of Denmark; Simon Fasterkjær Kjeldsen, Sanctions coordinator at the ministry of foreign affairs of Denmark; and Thomas Lund-Sørensen, Ambassador of Denmark to Ukraine.
The meeting participants noted that the 20th sanctions package should include further restrictions on the financial sector, personal sanctions, measures targeting the shadow fleet infrastructure, and additional limitations on Western components used by Russia in the military-industrial complex.
Ukraine has already submitted relevant proposals to the European Union, the Ukrainian Presidential Office reported.
