Sanctions

On February 5, sanctions on the import of russian oil products to the EU began to apply.

Oil from russian federation is delivered to Asia in transit through the Spanish region of Ceuta (the northern coast of Africa), which makes it possible to reduce the cost of delivery, bypass sanctions and simplify logistics.

The US Treasury has updated the list of individuals and legal entities from russia subject to sanctions.

By decree of January 24, the President of Ukraine imposed sanctions against 10 people. Among them is oligarch and businessman Vadym Novinskyi.

Due to the price limit for russian oil, russian federation loses $ 40 on each barrel of raw materials.

In late 2022, russia increased oil exports to Singapore, where russian raw is blended with other grades and then re-exported.

At least 4 Chinese supertankers deliver russian Urals oil to China due to the refusal of Western companies to insure raw materials from russian federation.

Due to oil price restrictions by the G7 countries and EU sanctions, Russia loses $172 million every day

JSC “Ukrzaliznytsia” banned the transportation of goods to the address of the russian “First Battery Company”. Previously, the company was included in the list of sanctioned enterprises in Poland.

After the introduction of Western sanctions in December, russian oil prices fell to $50 per barrel.