The Foreign Intelligence Service of Ukraine has analyzed the consequences of new sanctions for the military economy of the Russian Federation. According to Ukrainian experts, Russia’s annual financial losses from the restrictions will amount to at least $50 billion, which aligns with estimates from Western experts – about $5 billion per month. President Volodymyr Zelensky emphasized that no supply shortages are expected in the oil market, thus he anticipates further strengthening of the sanctions policy.
This is reported by Finway
Sale of Lukoil’s foreign assets and the role of Gunvor Group
In light of the tightening U.S. sanctions, the Russian company Lukoil has agreed to sell its foreign assets to the energy trading company Gunvor Group. Gunvor has historically maintained close business ties with Russia. In particular, in 2014, U.S. authorities stated that Vladimir Putin owned an investment stake in Gunvor. The deal involves the sale of Lukoil International GmbH, whose headquarters is located in Vienna. Lukoil International GmbH manages over a hundred subsidiaries in about 50 countries worldwide, including the trading company Litasco, which operates in Geneva and Dubai.
Germany considers nationalizing Rosneft’s assets
In the wake of recent U.S. sanctions decisions, the discussion in Germany regarding the nationalization of Rosneft enterprises has intensified again, particularly concerning the oil refinery that provides a significant portion of fuel production for the country. According to Russian media, the value of Rosneft’s German assets is estimated at approximately $7 billion. However, some experts believe that their actual price may be more than twice as low.
“Russia’s projected losses 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 no supply shortages are expected in the market.”