From the beginning of February, EU sanctions against the import of Russian oil products began to work effectively.
Although most of the media were excited, there was no fuel shortage or price increase.
Ukrainian gas stations produced large stocks of petroleum products compared to 2020 and 2021, and prices in individual networks fell by 10% per month. Most experts are counting on a decrease in the cost of fuel by another “2-3 hryvnias”. It is important to note that the key feature of the sanctions is not to completely remove Russia, but to leave its profits. Now Russia needs to look for new buyers who will not be able to buy oil products due to high logistics costs, which will disrupt the stability of one of Russia's key industries.