Europe reduces Russian oil imports by 90%, depriving Russia of additional income

Head of EU Delegation to Ukraine, Matti Maasikas, stated in the interview with Ukrinform.

According to the European official, this is one of the main sanctions that weakens the Russian Federation.

"We have radically reduced our energy dependence on Russia, because one of the main EU sanctions was suspension of 90% of Russian oil supplies to Europe by the end of 2022, and thus depriving Moscow of relevant revenues," he said.

Maasikas noted that Russia can sell its oil to other markets, but revenues from such sales are limited by the fact that it is forced to do so at a significant discount for each barrel - "Russian oil is sold at a price about $30 lower than on the average in the world".

• On December 5, the embargo on Russian oil supply by sea to the countries of the European Union officially entered into force. Now Russian oil can be bought only at a price that does not exceed 60 dollars per barrel.