Analysts proclaim 70% implementation of the McFaul-Yermak group sanctions plan.

The implementation of the sanctions plan of the McFaul-Yermak group will reach about 70% after the latest announcements by the G7 and the EU on energy restrictions, according to a report by the KSE. It is noted that subject to the introduction of price restrictions on gas and oil, the further ban on the insurance of Russian tankers, etc., the implementation of the Yermak-McFaul group’s plan will be 67%. If these conversations remain in the plane of discussion, the plan’s implementation is 60%. The KSE indicated that Russia will lose 50% of its income from exporting oil and oil products as a result of the oil price cap in December and 75% in February. In addition, sanctions against coal from the Russian Federation have stopped the export of the resource by sea. In parallel with this, a discussion began regarding the 8th package of EU sanctions.