Espreso. Global
OPINION

Where sanctions against Russia don’t work, drones do

18 March, 2024 Monday
14:00

The main strategy to halt the war, due to the lack of resources for its continuation, is the embargo on Russian oil. This has been consistently advocated by experts since the war's beginning

In 2021, oil and gas revenues made up a significant 34.5% of the Russian federal budget (!)

  • Russia earned $110.1 billion from oil exports, constituting 22.3% of its total export income. 
  • Additionally, $70 billion was generated from the export of oil products. 

Oil serves as the primary financial source for funding aggression against Ukraine and other countries.

Ukraine proposed imposing an embargo on oil imports from Russia as part of the sanctions.

…And partners agreed to set a maximum oil price of $60.

But this "ceiling" was easily circumvented by Russia through

  • blending its oil with other grades;
  • utilizing intermediaries for export.

The "shadow fleet" has been extensively utilized during this period.

Bloomberg reporting a surge in the number of vessels in the shadow fleet (operated by sanctioned countries) to 900 units.

In essence, if the world fails to implement an embargo, Ukrainian special services take matters into their own hands.

It is evidenced by recent drone attacks damaging 12% of Russian oil refining facilities.

Here’s a short list of  enterprises "sanctioned" by Ukrainian drones:

  • 12/5/2023 – Feodosia oil terminal (capacity: up to 4 million tons per year);
  • 1/9/2024 – Oryol oil depot (Rosneft);
  • 1/19/2024 – Klintsy oil depot, Bryansk region;
  • 1/19/2024 – Yaroslavl "Slavneft-YANOS" plant (capacity: 15 million tons per year);
  • 1/21/2024 – Novatek-Ust-Luga fuel complex in the Leningrad region. The complex processes about 7 million tons of gas condensate per year for further production of petroleum products.
  • 1/24/2024 – the sea terminal of the Tuapse oil refinery, Rosneft (capacity of 12 million tons of oil per year, or 240,000 barrels per day);
  • 2/3/2024 – Volgograd oil refinery "Lukoil" (the plant processes about 14.8 million tons of oil per year and is one of the largest in Russia);
  • 2/5/2024 –  "Slavneft-YANOS" refinery (processes about 15 million tons of oil per year);
  • 3/3/2024 – marine oil terminal in Feodosia;
  • 3/3/2024 – oil pipeline in Feodosia;
  • 3/4/2024 – St. Petersburg oil terminal (without critical damage). Capacity: 12.5 million tons per year;
  • 3/12/2024 – Oryol oil depot (Rosneft) – a tank with a volume of 2,000 cubic meters of gasoline was damaged;
  • 3/12/2024 – Kstovo oil depot "Lukoil";
  • 3/12/2024 – "Lukoil" oil refinery (processes about 15.8 million tons of Russian oil per year, or 5.8% of the total volume of oil processed in Russia);
  • 3/13/2023 –  Rosneft Ryazan efinery (capacity of 17.1 million tons per year, or about 340,000 barrels per day. It supplies fuel to the region around the Russian capital);
  • 3/13/2023 – Novoshakhtinsk oil refinery (capacity of 5.6 million tons per year, or about 112,000 barrels per day).

By the way, the fourth vice-president of Lukoil has already died over the last two years. But this is merely a coincidence...

I could have missed something.

But one thing is clear, the Main Directorate of Intelligence and the Security Service of Ukraine impose sanctions most effectively! 

P.S. Patiently waiting for "shadow fleet" incidents.

Source

About the author. Anatoliy Amelin, co-founder of the Ukrainian Institute for the Future 

The editors do not always share the opinions expressed by the blog authors

Tags:
Read also:
  • News
2024, Thursday
18 April
21:59
Review
Victorious news of 785th day of war: Ukraine has drones able to hit targets in Siberia, Germany will supply more air defense systems
21:38
97% of Russian attacks target civilian infrastructure - Ukraine in OSCE
21:18
Ukraine may get seven more Patriot systems from Germany and partners - Scholz
21:00
Ukraine develops drones capable of 3,000 kilometers range, reaching Siberia — The Economist
20:41
Denmark will be first country to buy Ukraine-produced weapons for Ukraine's army
20:20
Exclusive
China's position on Moscow's invitation to Global Peace Summit is weak, diplomat Chaly explains
20:00
Poland detains Russian agent planning assassination attempt on Zelenskyy
19:45
"Destroying 10,000 solar power plants is very difficult": German Vice Chancellor proposes ways to counter Russia's energy terrorism
19:26
Exclusive
Ukraine destroyed Russia’s air defense node — Defense Express on Crimea strike 
19:05
Exclusive
European fear of nuclear weapons only encourages Russia — national security expert Varchenko
18:43
"We can't accept it": Slovaks crowdfund shells for Ukraine as government fails to back Czech initiative
18:20
Russian diesel exports down by 25% after drone attacks on refineries - Bloomberg
18:00
Ukraine is set to produce 10 Bohdana artillery systems in April, more in May — Zelenskyy
17:38
Transnistria asks Russia to strengthen security of Dubasari HPP due to "tense situation"
17:17
OPINION
Draft law on US aid to Ukraine: Johnson gives ultimatums
16:56
Russia builds new Asia trade routes
16:37
Exclusive
Russia has many old armored vehicles beyond Urals — Lieutenant General Romanenko
16:20
Russian forces launch guided bombs in Kharkiv and Donetsk regions
16:05
Ukrainian court confiscates assets of former aircraft engine builder's head Boguslayev accused of treason
15:49
More air defense system heading to Ukraine, says Iris-T manufacturer
15:30
Microsoft discovers start of Russian influence efforts aimed at US elections
15:12
Russia to launch offensive in June to seize more territory in Donetsk, Luhansk regions - Ukraine's spy chief
14:54
Borrell calls on EU countries to transfer air defense systems from their arsenals to Ukraine
14:35
Exclusive
Two main directions, two auxiliary ones: Ukrainian Colonel Selezniov suggests where Russia will attack in summer
14:17
UK intelligence analyzes activity of Russian Black Sea Fleet after commander’s replacement
13:55
Updated
Ukraine reveals what Russian equipment was destroyed by strike on Dzhankoi airbase in Crimea
13:41
BBC confirms deaths of at least 50,000 Russian troops
13:22
Former Russian soldier shoots two residents in occupied Lysychansk
13:03
OPINION
Why is it believed that only Ukrainians dance on rakes?
12:18
Exclusive
Political expert Rozumnyi: West starts undermining legitimacy of Putin's regime
12:03
G7 countries won't unfreeze Russian assets until Ukraine is compensated for losses
11:40
543 Ukrainian children killed, 1,296 injured due to Russian aggression
11:21
Review
Russia changes tactics of assaults near Chasiv Yar, Ukrainian army successfully attacks Dzhankoi airfield. Column by Serhiy Zgurets
10:59
Updated
Johnson to put on floor Ukraine aid bill on April 20, Biden promises to sign it immediately
10:40
Exclusive
Russians may retry offensive on northern Ukraine, considering past mistakes - military
10:18
Ukrainian Armed Forces eliminate 910 Russian soldiers, 13 artillery systems, 3 tanks per day
09:59
Exclusive
Chasiv Yar isn't only politically important: Ukrainian major general on capturing town by May 9
09:43
Updated
Russian missile strike on April 17: search and rescue operation completed in Chernihiv
2024, Wednesday
17 April
21:40
Review
Victorious news of 784th day of war: military airfield hit in Crimea, Mi-8 destroyed in Samara
21:25
Frontline update: Ukrainian troops repel 19 attacks in Bakhmut sector over last day
More news