Negotiation leverage: New oil sanctions will cause billions in monthly losses for Russia.

The White House stated that new restrictions imposed against Russia are “the most significant sanctions against its energy sector.” They will cost Russia billions of dollars every month, affecting the country’s entire oil production and delivery chain. US President Joe Biden believes that with these sanctions, Ukraine has a “real chance to win,” provided it continues receiving support from the West.

The new sanctions will significantly complicate the export of Russian oil to its main buyers – India and China. The latter is already refusing to accept tankers from Russia: three ships with more than two million barrels of Russian oil are floating in the waters off eastern China and cannot be unloaded. India has also refused to accept tankers from Russia into its ports, and its refineries are engaging in urgent negotiations to obtain supplies from the Middle East.

UBS analyst Giovanni Staunovo believes that the future US president will retain and leverage the new restrictions to negotiate a peace treaty in the Russian-Ukrainian war.