Sixth sanctions package served as trigger to reject Russian oil just now – Chentsov

The relevant statement was made by Head of the Mission of Ukraine to the EU Vsevolod Chentsov at an online briefing, an Ukrinform correspondent reports.

“We consider this step [the implementation of the sixth sanctions package against Russia – Ed.] to be very strong. Despite the fact that the transition to the new conditions will last 6-8 months – i.e. eight months for petroleum products and six months for crude oil, – the effect of this decision will become noticeable in the near future, as a number of member states and private companies have already started to refocus on the new supply sources, without waiting for such sanctions to be approved,” Chentsov told.

In his words, Germany is already receiving about two-thirds of oil from other sources than Russia.

“Hence, this package has been of great importance, both in essence and politically, as it served as a powerful trigger to reject Russian oil just now,” Chentsov stressed.

According to Chentsov, Russia’s metallurgical industry has already faced significant problems at the production level. Cloud services are no longer provided to the Russian Federation, and they do not have a similar domestic product that would ensure the normal operation of enterprises.

In addition, Chentsov expects that disconnecting Russia’s Sberbank and other banks from SWIFT will have a systemic effect on the Russian financial sector.