Minus 40 billion per year: the event introduced an embargo on imports of petroleum products from

The ban does not apply to the supply of the Russian Federation to third countries, so restrictions should not lead to a sharp fall in Russian exports and a jump in oil prices. OP OP Andriy Yermak, for his part, claims that the Kremlin has lost its market for 40 billion euros. Today, almost a year after the start of the war in Ukraine, the West introduced a virtually complete embargo on Russian oil exports - the main source of Kremlin's income.

The ban was not without exception, the main of which is the price. However, Russia's share in the world energy market will decrease to 13% of 20%. About it writes the BBC. Petroleum products include gasoline, fuel oil, diesel fuel, kerosene and other oil refining products from Russia. The decision to stop the import of petroleum products from the Russian Federation was made in June, and since then he was looking for an alternative market. Even the Middle East will occupy this niche.

The embargo does not apply to Russia's supply to third countries, so it is not expected that it will lead to a sharp fall in Russian exports and a jump in oil prices. However, the event hopes that the embargo will limit the price of Russian raw materials and budget revenues from which Vladimir Putin finances the invasion of Ukraine.

"The EU has stopped buying Russian petroleum products today and so the Russian Federation is losing the market for 40 billion euros," said Presidential Office Andriy Ermak. However, the oil embargo was made an exception to supplying the Druzhba pipeline - the EU has forbidden only maritime imports. The exception is the oil and petroleum products. This is the ceiling of prices.

The last exception was lobbied in the United States to prevent the collapse of Russian exports, the outbreak of world oil prices and to increase inflation in the Western countries. "I do not anticipate serious shocks. Some complexities of the transition period are inevitable.

However, the world routes of supplies of petroleum products will actively override, and in the second half of the year it is planned to put into operation significant oil refining capacities," - said the embargo validity ), whose forecasts are based in Europe and the US. According to IEA estimates, almost $ 1 trillion in export revenues by 2030, and Russia's share in the global energy market will be shortened to 13% through the IEA embargo.

The Kremlin's lost markets will occupy the US and the Middle East. In total, Russia accounts for 15% of the global diesel market, and it has been supplied to Europe until recently. Before the war in Ukraine, half of all diesel was imported from Russia. Now supply is more expensive. As for Russia, it will also be more difficult to sell petroleum products than oil because of a tanker deficiency. India and China, buying oil at a discount, produce petroleum products on their own.

"First of all, low -income countries win. Discounts help them protect themselves from rising prices in the world energy market caused by Putin's aggression against Ukraine," said US Ministry of Finance Head Janet Ellen, commenting on a new ceiling of prices. In her opinion, Putin will now face the choice: "to spend money on war or to let them in support of the aging economy.

" According to the CREA Finnish Research Center, Russia is already losing approximately 160 million euros a day from the oil embargo and ceiling, and after the embargo on oil for petroleum products will increase by daily losses by another 120 million euros. Earlier, it became known that Russia was using its oil to export its oil to the world market of the intermediary country and one-day company. She sells her oil through the mediating countries: Malaysia, UAE, Iran and Venezuela.