mo4ch:>Russian fuel embargo could lead to collapse of Ukraine’s economy, oil major warns | Mo4ch News

Russia’s ban on exports of oil and petroleum products to Ukraine in response to Kiev’s latest sanctions could be a catastrophic blow to Ukraine’s economy, according to one of the leading Ukrainian oil refiners.“Now that the suspension of such supplies becomes a reality, it can really lead to the collapse not only in the fuel market, but also in the Ukrainian economy and undermine the national security of the country,” Ukrtatnafta said in a statement on Thursday. To stabilize the situation and provide the country with necessary oil products, the company has offered to boost processing the oil stock of the Caspian fields.READ MORE: Russia strikes back at Ukrainian sanctions with export ban on oil & petroleum productsCommenting on concerns about the consequences of the embargo, Russian Senator Aleksey Pushkov noted that Kiev has long been willing to “tear apart everything” linked to Russia and purchase goods from its Western allies. He noted that Ukrainian authorities mistakenly thou…