| ▲ | onpointed 3 days ago |
| Or encourage buying from alternative hydrocarbon suppliers, like Canada, Australia and the U.S. |
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| ▲ | xienze 3 days ago | parent | next [-] |
| Russia is the third largest oil producing country, this plan was never going to work because oil is a fungible resource. Sure you can stop buying from Russia and buy from someone else, but that just kicks off a game of musical chairs where everyone is backfilling from someone else and eventually _someone_ is buying from Russia to make everything whole. If Russia was some insignificant player the world could have frozen them out entirely but they simply produce too much oil for the world to absorb the loss of all of it. |
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| ▲ | nradov 3 days ago | parent [-] | | Everyone is aware that Russian crude oil will still enter the market through various channels regardless of sanctions. The point of sanctions is just to slightly reduce Russian government revenue. In combination with other measures this provides some leverage in negotiations over a peace settlement. | | |
| ▲ | xienze 3 days ago | parent [-] | | > The point of sanctions is just to slightly reduce Russian government revenue. In combination with other measures this provides some leverage in negotiations over a peace settlement. How's that working out? Apparently someone miscalculated. | | |
| ▲ | Kbelicius 3 days ago | parent | next [-] | | Great. Russian revenue from gas and oil fell considerably since the start of the war. | | |
| ▲ | xienze 3 days ago | parent [-] | | How many years does it typically take for crippling sanctions to bring a country crawling to the bargaining table? | | |
| ▲ | bluGill 3 days ago | parent | next [-] | | Be careful of the goal. Sanctions are unlikely to directly bring someone to the bargaining table. Sanctions make is harder to get the things Russia needs to fight way. It will take years to catch up, but Russia has a smaller economy. Russia has mostly stopped using tanks because they can only make a few of them (1-3 per day depending on what source you ask), and they have no ability to make more, sanctions are part of this. The real question is what if there were none - Russia would have more money and thus have done a lot more damage to Ukraine - but there is no way to measure damage they could have done. | |
| ▲ | Kbelicius 3 days ago | parent | prev [-] | | > The point of sanctions is just to slightly reduce Russian government revenue. In combination with other measures this provides some leverage in negotiations over a peace settlement. The words you apparently missed from what GP wrote are: "slightly reduce" and "some leverage". Nobody said that sanctions end wars or bring about peace negotiations on their own. |
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| ▲ | petre 3 days ago | parent | prev | next [-] | | The idea is to incessantly put pressure on their economy until it breaks or adapts. At which point you put more pressure until they become the DPRK or Iran. | | |
| ▲ | nradov 3 days ago | parent [-] | | Right, that would be a good outcome. North Korea and Iran are annoyances but not existential threats and they have minimal capability to project power far outside their borders. The goal should be to cripple and impoverish Russia through a sustained policy of maximum cruelty that includes everything short of kinetic attacks. |
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| ▲ | 3 days ago | parent | prev [-] | | [deleted] |
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| ▲ | lenkite 3 days ago | parent | prev [-] |
| De-sanction Iran and Venezuela too, before sanctioning Russian oil. |
