The sanctions of the event were a phantom. The Russian Federation has doubled in revenues from the sale of oil, coal and gas - an article Ustenko in Financial Times

He writes that the Russian Federation can still sell oil, gas and coal directly to any country except the United States, which were initially a minor buyer. “The measures currently taken by the West cover less than 5% of pre -war raw oil exports from Russia. Exports of sea oil, though declined since mid -June, remains higher than at the beginning of the invasion.

This is largely due to the fact that Russian oil imports to the EU and the UK have been legal and will remain at least until December, ”the article reads. According to Ustenko, within the framework of the "global laundering agreement" Russian oil is delivered to foreign refineries and then imported into Western countries as gasoline. After processing, petroleum products can legally get to any countries without violation of sanctions, even if there is a direct ban on oil imports.

"Is this an embargo on which Americans and British could count on when Joe Biden and Boris Johnson announced punitive events in March. The inability to introduce a real embargo on Russian oil and gas increases Putin's income and finances war crimes in Ukraine, ”Ustenko writes. According to him, Ukraine will never forget the support that our partners have provided to us. “But for fossil fuels, there is an obvious choice before the event.

Anyone who is serious about Ukraine should stop funding the Putin regime. Business As Usual serves as a continuation of the war that has showered the whole world economy. The most effective solution should include full and immediate embargo on Russian fossil fuels in Europe and rapid introduction of G7 proposals on the global price border on the Russian oil, ”Ustenko summarized.