“The Russian Federation expects that the shutdown of its factories due to the latest US sanctions will not greatly affect world markets, but will instead reduce the Russian Federation’s capabilities.”, — write: epravda.com.ua
In the Russian Federation, they expect that the shutdown of their factories due to the latest US sanctions will not greatly affect the world markets, but will significantly reduce the revenue of the Russian Federation. This is reported by the Russian Kommersant. Sanctions will hit the oil and gas sector of the Russian Federation. Several dozen structures of Gazprom Neft and Surgutneftegaz are included in the sanctions list. In recent months, Gazprom Neft and Surgutneftegaz accounted for up to 20% of Russian oil exports. “Surgutneftegaz” shipped about 1.9-2.2 million tons every month, “Gazprom Neft” – 1.6-1.8 million tons. Advertisement: Sanctions were imposed on the Moscow Refinery and the largest Omsk Refinery in Russia. Also “Gazprom Neft Shelf”, which owns the “Pryrazlomny field”, the only one put into operation on the Arctic shelf of the Russian Federation. The list of sanctions also includes one of the largest in the Russian Federation, the Kirishsky Refinery “Surgutneftegaz”, Surgutneftegazbank and other structures of the oil company. In Russia, they believe that there will be problems with the growth of discounts on oil and oil products, the increase in freight rates due to the shortage of “clean” tankers, as well as with payment. “Today’s package of sanctions is the result of the efforts of the US government, aimed, on the one hand, at the quantitative expansion of sanctions against the main exporting companies, and on the other hand, those that inflict, perhaps, an even more sensitive blow on the built financial, legal and logistics infrastructure” , – says the partner of Delcredere bar association Andriy Ryabinin.Advertisement: Due to the sanctions, all operations with Gazprom Neft and “Surgutneftegaz” should be closed by February 27. Recently, for the first time, the USA included in the sanctions list two operating Russian LNG plants “Kryogaz-Vysotsk” for 660,000 cubic meters. tons per year of Novatek and Gazprombank and the Portovaya SPG plant of Gazprom for 1.5 million tons per year. Russian Kommersant compares this situation with the Arctic LNG-2 plant, which is mostly owned by Novatek. Sanctions completely stopped his work. As Kommersant reports, citing the estimates of independent expert Oleksandr Sobko, the combined annual revenue of “Kryogaz-Vysotsk” and “Portovaya SPG” from the sale of LNG can reach 1.3 billion dollars for the 2.2 million tons of LNG exported by the sites. The expert notes that such volumes are significant for the world market, but in the long term their stoppage will not lead to a crisis due to the presence of alternative large capacities in the world: the large Plaquemines LNG plant in the USA for 14 million tons and LNG Canada. We will remind: In connection with the new US sanctions against the Russian oil sector, the company “Gazprom Nafta” was given 45 days to withdraw from the composition of the owners of the Serbian oil company NIS.