The Ministry of Foreign Affairs of Ukraine warned of sanctions against countries buying oil from the Russian Federation

Ukraine will impose sanctions against those countries that buy Russian oil more than others. This was announced on June 28 by the country's Foreign Minister Andrei Sibiga.

"We will also respond and urge our partners in the countries, and there are not many of them, which consume Russian oil the most," Sibiga said, quoted by the Ukrainian online publication "Страна.иа ".

It is noted that the largest buyers of Russian oil are China, India and Turkey.

And oil: Brent is forecast to rise to $100 amid the Iranian-Israeli conflict

How did the markets react to the new round of escalation in the Middle East and what to expect next

On June 23, Hungarian Minister of Foreign Affairs and External Economic Relations Peter Szijjarto noted that the European Union (EU) would find itself in a tragic situation if it decides to ban the import of oil and gas from Russia during the escalation in the Middle East. The Minister noted that although crisis has followed crisis in the EU over the past decade, the European energy market has never been in such an uncertain situation.