Russia earns $7 billion from oil transit through Ukraine despite U.S., U.K. sanctions

He stated this on Espreso TV. 

“Sanctions from the U.S. and the U.K. will undoubtedly be painful for Russia. Today, Russian tankers are already circling near China’s waters, and China is refusing to accept them. Let me remind you that China and India are the largest consumers of Russian oil. Against this backdrop, the reaction of the Ukrainian government appears more than strange—it refuses to stop the transportation of Russian oil via the Druzhba pipeline,” Syniutka noted.

According to the MP, Russia transports about 300,000 barrels of oil daily through Ukraine, earning around $20 million per day. That amounts to more than $7 billion annually that Russia receives from selling its resources through Ukrainian territory.

“Where does Russia direct this $7 billion? They spend it on their aggression, on killing Ukrainians. And when we hear from the government that it does not want to stop the transportation of Russian oil, it raises questions about the Minister of Energy. There should have been a very clear position, and all necessary measures should have been taken to halt the transit of Russian oil,” Syniutka emphasized.

• On January 10, the U.S. announced sanctions against several Russian oil and insurance companies. The list of sanctioned entities includes Surgutneftegas, Gazprom Neft, Ingosstrakh, AlfaStrakhovanie, and Radkomflot.
• Following the U.S., the U.K. also imposed sanctions on Russia’s major oil giants, PJSC Gazprom Neft and PJSC Surgutneftegas.
• Next Tuesday, January 14, the European Commission will begin consultations with EU countries on the 16th package of sanctions against Russia. Poland, currently presiding over the EU, hopes it will be adopted by the third anniversary of the war in Ukraine.