Russian energy sector loses EUR 160 million daily due to EU sanctions - Ursula von der Leyen

The European Commission President shared the information at a briefing after a meeting with President Volodymyr Zelenskyy.

"Today, Russia is paying a heavy price, as our sanctions are eroding its economy, throwing it back by a generation. The price cap on crude oil already costs Russia around EUR 160 million a day. And we will keep on turning up the pressure further. We will introduce, with our G7 partners, an additional price cap on Russian petroleum products," she said.

The European Commission president added that the EU is making Vladimir Putin pay for "his atrocious war": before the full-scale invasion, European officials warned of the significant price that the Russian economy would pay if hostilities began. 

Thus, Ursula von der Leyen hopes that by February 24, 2023, the 10th package of EU sanctions against Russia will be introduced. 

• European Commissioner for Budget Johannes Hahn said that the EU would soon announce another EUR 400 million aid package for Ukraine.

• On January 2, Ukraine’s Prime Minister Denys Shmyhal also said that the EU should introduce the 10th package of anti-Russian sanctions, including against Rosatom, as soon as possible to continue to put pressure on the country's economy.