Ukraine is set to impose sanctions on countries that are among the biggest importers of Russian oil, according to Foreign Minister Andrii Sybiha. Speaking at the Fair Play conference, which focused on strengthening sanctions against Russia, Sybiha said the move is in response to growing trade between Russia and certain countries—especially in Central Asia.

He noted that much of this trade involves dual-purpose goods that can be used to manufacture weapons, and warned that these transactions are helping to fuel Russia’s war machine.

“We’re monitoring these trends closely. A handful of countries are still buying large volumes of Russian oil, often through a ‘shadow fleet,’ and we intend to act,” Sybiha said, urging Ukraine’s partners to support similar measures.

He highlighted that oil and gas revenues remain a financial backbone for Russia, accounting for up to half of its federal budget. In April alone, the Kremlin brought in about $13 billion from energy exports, while its daily military expenses are estimated at $1 billion.

Despite international sanctions, Russian energy continues to reach European markets, raising concerns that existing restrictions aren’t going far enough. Sybiha stressed that Russia’s missile and drone strikes against Ukraine are becoming more intense, a sign that the country still has access to essential foreign-made components.

Ukraine’s investigations into debris from Russian attacks have revealed parts sourced from manufacturers in at least 19 countries. Sybiha called for stronger efforts to block Russia’s access to such materials, describing it as a vital step toward ending the war.

He urged allies to fully use their sanctioning power to cut off supplies that support Russia’s defense industry, reinforcing earlier calls for the EU to impose tougher economic penalties on Moscow.