Oil prices drop to 2022 levels & changes in the EU
Global oil prices have fallen to levels seen before the start of the full-scale invasion, creating the conditions for cheaper fuel. At the same time, Ukrainians in Europe may face restrictions on the use of cryptocurrencies, while allies report new successes in blocking Russian exports and military supplies.
Gasoline prices at gas stations may decrease following the drop in global quotes. The global benchmark Brent crude briefly dipped below $72.48 per barrel. This is a price level recorded just before the start of the major war; typically, such a drop in raw material costs leads to a gradual reduction in prices at filling stations for drivers and carriers.
Ukrainians residing in European Union countries or using European financial services should pay attention to changes in the operation of the Binance crypto exchange. The world's largest platform informed its EU clients that it will stop providing services starting next week. This decision is related to the company's adaptation to new EU regulatory rules.
Meanwhile, pressure on the aggressor's financial resources is increasing due to the detention of "shadow fleet" vessels—ships that Russia uses to circumvent sanctions. The French military intercepted the sanctioned oil tanker Deliver in the Mediterranean Sea near Sicily. Such measures are aimed at limiting the Kremlin's revenues from the sale of energy resources used to finance the war.
Additionally, in Moldova, the activities of a company that helped the Russian army bypass restrictions were shut down. The investigation uncovered a scheme for the illegal export of military aircraft components to the Russian Federation, specifically control and measurement systems. Supplies had been ongoing since 2022, but the supply channel for aviation parts has now been blocked.
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