Quote:
Originally Posted by dobbles
I've meant to ask this for a while, but question for you guys far more knowledgeable than I am...
Is there really any point to not buying Russian oil right now aside from optics? It seems to me the idea of economically isolating Russia has completely failed due to things like the above issue. The fact that Russia can still sell to China and India seems to defeat any alliance western nations have. It just seems to me that a lot of countries are putting their people through tough times for not much gain. Am I missing something?
I do realize there is a nice long term benefit of European energy independence from Russia. Helps them act more firmly in future conflict not having that hang over their head.
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This video should help.
Yeah it's not short, but it takes some time to properly explain it. You can skip the parts about Ukraine's economy though if you like.
The short version is, while there's no way to directly quantify the impact the sanctions have had, they are probably working enough to have a notable and growing impact on the battlefield, even if they haven't brought the whole Russian economy to its knees.