Posted 6 февраля 2023,, 12:54

Published 6 февраля 2023,, 12:54

Modified 6 февраля 2023,, 14:02

Updated 6 февраля 2023,, 14:02

Borrel predicted Russia's daily loss of €300 million on oil sanctions

Borrel predicted Russia's daily loss of €300 million on oil sanctions

6 февраля 2023, 12:54
The head of the EU diplomatic service, Josep Borrel, said that after the introduction of restrictions on the import of Russian petroleum products to Europe, Russia will lose about €300 million daily.

According to Borrel, in recent months, the European Union has significantly reduced its dependence on Russian energy resources, and after the introduction of sanctions, Russian Urals crude oil began to cost $40 cheaper than Brent. This indicates that the sanctions were effective: "the war is costing the Kremlin dearly".

"It is expected that Russia's daily energy revenues will fall from about €800 million to €500 million after our latest measures come into force this month", - Kommersant quotes the diplomat as saying.

Earlier it became known that the United States, the EU and a number of their NATO supporters have imposed a ceiling on Russian oil prices at $60 per barrel since December 5, and since February 5, the import of Russian oil into the EU has been completely banned. According to analysts of the International Energy Agency, Russia lost $8 billion in January due to oil sanctions.