HomeEconomyOil embargo: Ukraine expects...

Oil embargo: Ukraine expects Russia’s income to drop by 50%

Photo: facebook.com/mineconomdev

Since October, signs of financial stress have been observed in the Russian Federation, which should worsen and affect the possibility of financing the war.

The Ministry of Economy of Ukraine expects that the ban on Russian oil and oil products should reduce Russia’s revenues in this area by 50%. Yulia Sviridenko, First Deputy Prime Minister – Minister of Economy, announced this at a briefing on December 22.

“The fall in revenues from oil and gas exports must be more than 50%, precisely because of the EU embargo on oil and petroleum products and because of the introduction of price caps. If you look at the Russia’s oil and gas revenues, they account for 60% of exports and 40% of federal budget revenues… We expect Russia’s revenues to drop to a critical $40 billion every quarter,” said the head of the Ministry of Economy.

Sviridenko expressed his hope that Russia would face serious difficulties in financing the war and destabilizing the financial system.

“To maximize the impact, we are working hard to bring the oil price ceiling down to $35 a barrel as soon as possible. This is exactly the level that will reduce oil and gas revenues below a critical level, ” added the minister.

It can be remembered that in early December, more than 30 countries in the world set a ceiling on the price of oil from Russia at $60 per barrel.

Zelensky called the “correct” oil price in Russia

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Russia will help you go to the depression of swamp bombing – Reuters

The country of the aggressor will not be able to quickly replace the strategic aircraft that were lost as a result of a wide security service for websites. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

Possible GTA 6 leakage reveals news in the gameplay

Some items and details about news from the new Grand Theft Auto VI game were possibly leaked on social networks; look!It will be? A new Reddit publication has created more speculation about what players can expect from 'Grand Theft Auto VI'. The game, officially postponed in early...

In Latka, the skeleton of the bend and posts (photographs) was struck

As a result of the Russian attack, the number of death in Latsk increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Rescuers owed the body of a 27-year-old dead...

The Russian Federation was elected in Magatta in the void, the busy Zaes will begin

The country aggressor announced the desire to restart the occupied Zaporizhjhya NPP. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The invaders have already contacted the IAEA so that the...

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...