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Russia’s budget to stay unaffected by Ukraine’s ban on oil product imports — ministry

The Ukrainian government plans to hold a meeting on Friday to consider banning Russian oil product imports

© ITAR-TASS/Alexander Kolbasov

MOSCOW, April 6. /TASS/. Ukraine’s possible ban on oil product imports from Russia won’t affect Russian budget revenues considerably, Russia’s Economic Development Ministry told TASS on Wednesday.

"Ukraine’s possible ban on the importation of Russian petroleum products won’t affect federal budget revenues materially as Ukraine accounts for a small share of Russia's hydrocarbon exports," the ministry said.

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As TASS reported earlier, the Ukrainian government plans to hold a meeting on Friday to consider banning Russian oil product imports.

According to data reported by Russia’s State Statistics Service Rosstat, Russia delivered about 2 million oil products worth over $1 billion to Ukraine in 2015.

Gas oils, i.e. semi-finished products for fuel production, accounted for 60% of Russian petroleum product deliveries in 2013-2015. The Russian deliveries of gasoline to Ukraine amounted to just 10,000 tons in 2015.

Russia’s oil product exports to Ukraine contracted by 2.3 million tons from 4.3 million tons in 2015 compared with 2014 while Ukraine’s share in Russian exports declined to 1.1% from 2.6%, the Economic Development Ministry said.

In general, Russia’s oil product exports grew from 165.2 million tons to 171.7 million tons in 2015.

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Ukraine crisis Oil & Gas

Russian stock market indices mixed on Friday — market data

The MOEX Russia Index surged by 0.48% to 2,581.05 points

Russian aircraft destroy Ukraine’s Buk missile system - Defense Ministry

According to the ministry, the targets were destroyed by air-to-surface missiles

Putin stays open to contacts to reach 'peaceful track' — Kremlin

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US, European officials suggest returning nukes to Ukraine — NYT

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German chancellor reiterates decision not to send Taurus missiles to Ukraine

Olaf Scholz stated that only the Social Democratic Party of Germany could maintain a balance between caution and clear support for Ukraine

German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

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Kim Jong Un added that negotiations with the US only confirmed the North Korean view that Washington’s hostile policy remains unchanged

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US administration chooses to escalate Ukraine conflict — Kremlin

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Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

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Diplomat mocks US Senator for talking about invading Netherlands

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Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

IN BRIEF: Congratulations on Trump's victory in US election

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Russian military to warn Ukrainian civilians of future Oreshnik attacks — Kremlin

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Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

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According to the politician, Western nations need to understand that they are fighting on Ukraine’s side

Western nations should take Putin's statement seriously, warns Hungarian PM

Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

Zelensky fine with conflict continuing due to Western help — Slovak PM

Robert Fico pointed out that "more and more evidence show that the West seeks to prolong the war in Ukraine for various reasons"

US-led coalition aircraft violate Syrian airspace ten times in past day

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Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"

US, West have no capabilities to intercept new Russian hypersonic missile — expert

"There is more in the Russian arsenal than many believe," said Karin Kneissl, the former Foreign Minister of Austria

Biden’s actions on Ukraine meant to 'muck things up' for Trump — Lavrov

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Belarusian president believes humanity is on the brink of World War III

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China produced 81.9 mln metric tons in October, up 2.9% on an annualized basis

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Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

China against double standards in international law — Foreign Ministry

Spokesman Lin Jian highlighted Washington's use of double standards in handling the Israeli-Palestinian conflict within the United Nations

Russian strategic missile forces to be equipped with advanced weapon by 95%

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Russia shelters over 30,000 people fleeing from Ukrainian shelling — commissioner

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Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

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Oreshnik missile to go into serial production, Putin says

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Lukashenko grants asylum to Schmidt persecuted on political grounds by Poland

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WIPO members adopt Riyadh Design Law Treaty

The treaty is aimed at harmonization of national and regional laws and at unification of formal requirements to designs registration

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Russia hammers Ukrainian military-industrial facilities, energy sites over week

Russian forces liberated seven communities in the Donetsk People’s Republic over the past week, the Defense Ministry reported

West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

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Putin says Oreshnik missile system cutting-edge innovation by Russia, not Soviet byproduct

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US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

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Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

Robert Fico also rejected the belief that this escalation would not impact "those living far away, in Spain, England, or America"

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

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