New US sanctions may reduce the income of Russian exporters

Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, commented to the Infotech magazine on the new restrictions of the United States against Russian companies.

Sergey Kondratiev told that sanctions will not fundamentally change the situation for the Russian energy industry, but still carry certain risks.

"They increase the sanctions premium, which means that they potentially reduce the income of exporters and create additional costs for domestic consumers," he said.

According to him, for Russian coal miners Mechel and SUEK, tougher sanctions may lead to an increase in discounts and the need to use the currencies of friendly countries more widely in settlements.

Thus, the costs of conversion and settlement in these currencies will become higher.

"For Zvezda, sanctions may mean a noticeable complication of the new oil tankers construction (since even large Chinese manufacturers may now limit cooperation with the shipyard) and especially in terms of LNG carriers. Perhaps the shipyard will have to import components received from South Korea, and this may shift the projects "to the right," Kondratiev said.

The expert added that similar problems loom before Ruskhimalliance and it will be even more difficult to meet the stated deadlines for the start of LNG shipments in 2027 after the introduction of new sanctions.