How Sanctions Impacted Russia? Diamond Ban and Oil Price Controls

The European Union agreed on the 12th package of sanctions against Russia. Among the restrictive measures is the introduction of a gradual ban on diamond imports from the federation from January 1st. From the beginning of 2024, European companies will have to provide evidence that they adhere to the “price ceiling” on Russian oil. According to Radio Liberty, Brussels may agree to another package of restrictions on Russia – to coincide with the second anniversary of the full-scale invasion of Ukraine by Russian troops.
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After the introduction of the oil embargo and the refusal of the EU and the UK to ensure transport from the Federation Russia redirected the flaw of raw materials to India turkey and China the situation was resolved by the G7 countries and the EU by introducing an oil price cap but Russia has outplayed

Itself in the issue of gas experts wishing to freeze Europe the Kremlin closed its valve but Ukraine’s Partners managed without Russian fuel in 2022 and 202 3 so Russia’s oil and gas revenues are declining the drop in the budget as a whole was more than by Asser already in

The first quarter of 2023 Russia actually wiped out the budget deficit that had been planned for the year the figures in the Russian economy are good but the processes that are taking place in the economy are fueling inflation they are devaluing the ruble and they are reducing the purchasing

Power of wages and pensions and the incomes of all those who do not work directly for the war and do not fight in the war the import substitution course has also failed dependence on China has led to the monopolization of high- tech markets in the Federation by Chinese

Companies the kremin pours the main budget funds into the military industrial complex meanwhile Ukraine continues to push for further strengthening of sanctions pressure on the aggressor country yeah I support the introduction of sanctions against Russian diamonds this is quite a significant item of revenue for the

Russian budget but at the same time I still single out the element that concerns the ban on the transport of Russian oil by a Wessel that violates the sanctions regime by the European Union I believe that this should be blocked if a vessel is traveling and the vessel violates the sanctions regime it

Is not even a question of who it is Trading with it means that such a vessel should not pass through the territorial Waters of the European Union the EU unified policy of support in Ukraine has also been tested by Hungary Budapest has repeatedly tried to block restriction packages against the

Federation that is why there are no discussions about changing the approach to decision making that is to move away from that approach and talk about a qualified majority of decision making the Russian Federation is trying to look for allies one of the main allies for the Russian Federation right now is Iran

They have already signed a treaty on joint efforts to counter Western sanctions Iran and North Korea continue to supply Russia with the arms and ammunition isolated from the Civilized world Russia is looking for partners among similar Rock countries reported by Anastasia Tava Lisa zuo uatv news