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You're reading: Ukraine’s losses in energy complex due to annexation of Crimea assessed at $300 billion
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“Taking into account all energy facilities in Crimea we could speak
about hundreds of billions of dollars that Ukraine has lost in the
energy area. We calculated that this is around $300 billion,” he said in
an interview with the Glavkom online publication.

The minister said that the potential deposits of the Black Sea shelf reach some 2.3 billion tonnes of conventional fuel.

“If we transfer to gas, this is some 2 trillion cubic meters of gas.
When our company Chornomornaftogaz was seized, we at once lost 2 billion
cubic meters of gas in the company’s gas storage facilities,” the
minister added.

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