The Prime Minister of the United Kingdom, Keir Starmer, stated that following the implementation of new US sanctions on the Russian Federation’s oil sector, Ukraine’s prospects have significantly improved. According to him, Washington’s recent actions, along with additional restrictions from Britain and the European Union, are already having a noticeable impact on the Russian economy.
This is reported by Finway
Economic Pressure on Russia is Increasing
Starmer emphasized that the events of the past week have been decisive in intensifying economic pressure on Moscow. He also called on European partners to make decisions as quickly as possible regarding the use of frozen Russian assets to support Ukraine. In the British Prime Minister’s view, such a strategy, combined with sanctions, could convince the Russian authorities that Western support for Kyiv will outlast Russia’s ability to finance the war.
“All of this happened within a few days. It had a profound impact on the Russian economy,” the Prime Minister explained.
US Sanctions: Impact on the EU and Ukraine’s Position
The European Commission acknowledged that the restrictions against Russian energy companies, including Rosneft and Lukoil, could have a negative effect on certain EU states. Despite this, Brussels is ready to support community members in overcoming potential challenges related to the sanctions.
Ukrainian President Volodymyr Zelensky, speaking to reporters on October 27, emphasized that the new US sanctions against leading Russian energy companies will demonstrate their effectiveness within the next month. The head of state also highlighted that Kyiv is open to diplomatic initiatives aimed at ending the war; however, no concessions regarding Ukrainian territories are being considered.