The Ukrainian President, Volodímir Zelenskihas recently stressed that Western sanctions aimed at Russia’s banking and energy sectors son essential To weaken its economy and, therefore, stop the financing of war.
During a conversation with journalists, Zelenski stressed that a significant cut in oil pricesreaching $ 30 per barrel, could have a much stronger impact on Kremlin.
“The subject energetic It is absolutely clear. In energy, there is not only direct money from taxesbut also of Dividends of energy companieswhich Help Putin replenish the budget“The Ukrainian President points out, emphasizing the relevance of this sector as the main source of income for the Russian government.
Although sanctions to the banking system have had a negative effect, Zelenski acknowledges that Russia has managed to find alternatives to overcome restrictionsturning to cryptocurrencies already intermediaries in countries such as India, China, Türkiye and Soviet exrepublic.
Even so, the Ukrainian president argues that The sanctions to the energy sector are more effective than those that affect the financial systemsince oil remains the main source of financing for Kremlin.
Harder sanctions
Zelenski also calls to the countries allied to intensify the sanctionsnot only against Russian banks, but also against the Energy sector. “It is necessary not only to reduce the maximum price of Russian oil, which is currently set at $ 60 per barrel, but also increase world oil production,” he argues.
In this regard, he suggests that G7 countries could reach a Agreement to set even lower price stops for Russian oil: “And when, for example, the price is wanted to be $ 40-45 per barrel of Russian oil, it should be said 30. Although 30 is effective. It would hit them very strong and it would really force them to put an end to the aggression”:
In addition, the president of the European Commission, Ursula von der LeyenI had already advanced that The next sanctions package of the European Union will directly affect the key sectors of the Russian economysuch as energy, banking and critical exports, with additional measures to combat the elusion of restrictions.
