Head of the Foreign Intelligence Service of Ukraine Oleh Ivashchenko Has Reported to the President on the Results of Joint with Our Partners Pressure on russia

Head of the Foreign Intelligence Service of Ukraine Oleh Ivashchenko has reported to the President on the results of Ukraine and our partners’ joint pressure on russia.

For the first time since the beginning of the war, Intelligence records a noticeable decline in russia’s oil production and refining. The oil and gas revenues of the russian budget are decreasing, and by the end of this year, russia will have lost at least US$37 billion in budget oil and gas income. Overall, russian oil companies and the energy sector are losing tens of billions of dollars.

The President of Ukraine has pointed out that such actions are limiting russia’s military machine: “Both conventional sanctions against russia and Ukraine’s long-range sanctions are working effectively”.

The head of state outlined the directions for further sanctions pressure and thanked all partners who are delivering fair legal blows to the vessels of the russian oil fleet, as the russians are now using fewer tankers.

Separately, Volodymyr Zelenskyy and Oleh Ivashchenko discussed the measures for bringing home Ukrainian children abducted by the russians, as well as other operations abroad.