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> The fact that prices haven't increased noticeably sure seems like a sign that sanctions against Russia were largely toothless and their oil is making its way
by catdog 3y ago
> The fact that prices haven't increased noticeably sure seems like a sign that sanctions against Russia were largely toothless and their oil is making its way into the global supply all the same.
It was never the goal to keep Russia from selling its oil as it would hike up prices globally. The goal was to force them to sell it for cheap so they barely make any profit. That at least worked somewhat.
- _heimdall 3y agoThat would have worked for a short time while Russia and the oil industry adjusted, but ultimately its a global market of a fungible commodity. Unless sanctions succeed at blocking Russian oil from hitting the market entirely a loss in profit would be short lived at best.