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Russia relies on oil supplies, which, unlike gas, is not a political, but a commercial commodity for it. After the introduction of sanctions, the Russian Federation managed to find loopholes to circumvent them and, to a certain extent, restore income after a significant drop. Therefore, sanctions pressure should increase not so much in terms of expanding sanctions, but in terms of monitoring their implementation. However, there are problems with this. This opinion was expressed live on the FREEDOM TV channel by Vladimir Omelchenko, director of energy programs at the Razumkov Center.
“From my point of view, firstly, there is a lack of management, and, secondly, desire. Because no one sets a goal among NATO countries, among the countries of the European Union, the United States, Great Britain, for the Russian economy to collapse. This task is not set. The goal is to somehow influence Russia so that it stops hostilities in Ukraine. But we see that this task is not being accomplished. Russia and the initiators of these sanctions understand that through sanctions it will not be possible to force Russia to leave Ukraine, to end this war, on the one hand, on the other hand, there is no goal to destroy the Russian economy. It’s just that a policy is being pursued that we see is quite comfortable for Russian oil producers and exporters,” the expert said.
According to him, sanctions against Russian energy resources have certainly created certain difficulties for the Russian Federation, but it has learned to circumvent them.
“And so far I do not see any such particularly decisive measures, opportunities and desire to completely rid Russia of oil and gas revenues. Yes, the European Union is now planning a certain increase in sanctions on liquefied natural gas, as well as strengthening monitoring of the passage of ships through the Danish Straits. But it is unclear to what extent these plans will be implemented,” noted Vladimir Omelchenko.
Earlier, Oleg Pendzin, executive director of the Economic Discussion Club, said on FREEDOM that a number of segments of the Russian economy are not covered by any restrictions: from diamonds, for which sanctions are only now being applied, to the nuclear industry, which will be subject to sanctions in the near future restrictions are unlikely to be imposed.
