this post was submitted on 05 Feb 2024
64 points (98.5% liked)
Ukraine
8251 readers
528 users here now
News and discussion related to Ukraine
*Sympathy for enemy combatants is prohibited.
*No content depicting extreme violence or gore.
*Posts containing combat footage should include [Combat] in title
*Combat videos containing any footage of a visible human must be flagged NSFW
Donate to support Ukraine's Defense
Donate to support Humanitarian Aid
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The sanctions on Russian oil weren't intended to keep Russian oil out of the market. They were designed to prevent Russia from profiting richly from its oil sales.
Removal of all Russian fossil fuels would have had a dramatic impact on the world markets because the supply disappearing overnight driving up the cost of non-Russian supplies. The way the sanctions worked made it so that Russia could only sell its oil for cheap to the markets are still supplied, yet they can't make huge profits from it because there are so few that would buy it directly.