The sanctions imposed by the European Union against Russia are currently having a serious impact not only on the overall economy but also on such a key sector as oil exports. However, according to the head of European diplomacy, Kaja Kallas, these restrictions could bring even more tangible and stronger results with full support from the United States.
As the Estonian politician emphasized in an interview with Die Welt, the Russian economy is now going through “difficult days.” Moscow is losing the funds needed to finance its ongoing military operations in Ukraine due to the sanctions imposed by the European Union.
Kaja Kallas noted that the European Union is currently working on the 19th package of sanctions against Russia. According to her, previous restrictions have already shown results. For example, measures imposed against Russia’s “shadow fleet” reduced revenues from oil shipments through the Baltic and Black Sea by almost 30 percent in just one week.
“Due to European Union sanctions, Russia has lost billions of dollars. These funds are no longer available to finance Russia’s war machine,” Kallas continued.
Thus, Kaja Kallas’s statement demonstrates that European Union sanctions have restricted Russia’s economic capabilities not only financially but also strategically. It is noted that in the future, with full partnership and support from the United States, this process may intensify even further.
Read 'Zamin' on Telegram!
