EU’s powerful blow at the Russian war machine

Tonight the EU Summit reached a compromise on the sixth sanctions package. By the end of 2022, EU countries will stop buying all Russian oil delivered by sea — 67% of all supplies. An exception is made for the Druzhba oil pipeline.

However, taking into account the voluntary refusal of Russian oil by Poland and Germany, sanctions will actually affect 90% of all Russian supplies by the end of 2023, or about 100 million tons per year. Temporary exceptions are made for Hungary, Slovakia and the Czech Republic. Hellish sanctions have also been introduced against the largest Russian bank, Sberbank.

In the coming weeks, the sixth package will reduce the financing possibilities of the Russian military campaign by hundreds of millions of euros per day.

Volodymyr Omelchenko

Director, Energy Programmes

Born in 1967 in Kyiv

Education: Kyiv Politechnic Institute, Department of Chemical Engineering (1992)

Author of over 50 scientific works and op-ed publications. Took part in development and implementation of international energy projects and scientific research in international energy policy


1992 – 1996 — worked in different positions in the mechanical engineering industry

1997 – 1998 — Head Expert of the Division of Oil, Gas and Petroleum Refining Industry of the Ministry of Economy of Ukraine

1998 – 2003 — Naftohaz Ukrayiny National Joint-Stock Company, in Charge of Oil Transportation Section

2004 – 2007 — Chief Consultant at the National Institute of International Security Problems of Ukraine’s NSDC

since February, 2007 — Leading Expert, Razumkov Centre. Director of Energy Programmes since 2013

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