(MENAFN- UkrinForm) The head of state said this in his evening addres, Ukrinform reports.

"The head of Ukraine's Foreign Intelligence Service presented a report today. There are initial details on the impact of the U.S. and European sanctions against Russian oil companies, and it is quite tangible. Oil exports are the foundation of Russia's arrogance, and if sanctions are maintained and strengthened, Russia will suffer significant losses. They could amount to at least $ 50 billion next year, which is a strong argument for Russia to develop a motive to end this war. We will continue creating more such arguments. Ukraine is already in contact with the European Union regarding the 20th sanctions package, we are submitting our proposals," he said.

Zelensky added that Ukraine is also in contact with the American side.

"We count on key states to maintain this course of action. We already see that there will be a reduction in imports of Russian oil by India and China, and it is important to ensure that there are no sanctions loopholes through third countries," he noted.

Zelensky emphasized that reducing Russian oil means reducing Russia's war efforts, "and there must be no exceptions to this for anyone, including Hungary."

Read also: Zelensky: Russia's losses will be at least $50B per year

He added that Russians are already thinking about how to sell their enterprises, including in Europe, since they will no longer be able to operate them.

As Ukrinform reported earlier, Ukraine is preparing new sanctions against Russian military production.

Photo: Office of the President of Ukraine

MENAFN30102025000193011044ID1110273736