The Ukrainian Foreign Intelligence Service has assessed the impact of new sanctions on the Russian war economy. According to President Volodymyr Zelensky, the expected losses for Russia from the imposed restrictions will amount to no less than $50 billion per year, which aligns with the analysis of Western partners — approximately $5 billion per month. Zelensky emphasized that, in his opinion, the West has every reason to strengthen sanctions, as a significant shortage in the oil market is not anticipated.
This is reported by Business • Media
“The projected losses for Russia from these restrictions are no less than $50 billion per year, which generally corresponds to the estimates of Western partners ($5 billion per month). Zelensky hopes that the West will tighten the restrictions, as a supply shortage in the market is not expected.”
“Lukoil” Sells International Assets to Gunvor
Amid the tightening of U.S. sanctions, the Russian oil company “Lukoil” has agreed to sell its international assets to the energy trading company Gunvor Group. Gunvor is known for its long-standing ties with Russia, and in 2014, U.S. officials stated that Vladimir Putin had investments in this company. The deal concerns Lukoil International GmbH, whose central office is located in Vienna. It manages over 100 subsidiaries in about 50 countries, including the trading company Litasco, which operates from Geneva and Dubai.
Germany Considers Nationalization of Rosneft Assets
Meanwhile, discussions in Germany have once again intensified regarding the possible nationalization of the local business of “Rosneft” — primarily the oil refinery, from which Berlin depends for the production of most of its fuel. According to Russian media estimates, the value of Rosneft’s German assets is approximately $7 billion, although other experts believe that their actual price may be more than twice lower.