(February 7, 2023 at 2:13 am)Fake Messiah Wrote: Sanctions on Russia are not necessarily to crush its economy but because the US and some other countries find it immoral to trade with a country that is actively performing genocide on people of another country. They don't want their money to be used to kill women and children - as Russia is doing.
But when it comes to the Russian economy, I have heard that the sanctions will come into full effect this year.
Quote:Russia's export revenues are set to come under fresh pressure in 2023 as Western and Japanese sanctions on Russian oil come into full effect.
The Group of Seven major economies will expand an oil embargo beyond crude to include Russian oil products from Feb. 5.
Analysts say this could lead to a reduction in Russian oil output of up to 1 million barrels per day (bpd) in the first quarter of 2023.
An official forecast sees Russia's output of oil products falling sharply this year to 230 million tonnes from 272 million, according to a senior Russian source.
https://www.reuters.com/world/europe/rus...023-01-17/
- I’ve heard it’s a policy of strangling Russian economy slowly. The effect will be felt gradually and this mostly by the ordinary people (as it was the case of Irak in the 90’s or Iran in the last 20 years). So everyone agrees that sanctions alone won’t do it. But reminder: They are still scavenging civilian planes for devices they want to use in their missiles or more modern fighter planes.
And what they are selling is crude oil. Even China / India doesn’t want their refined oil because they have their own refineries. The idea is simply to decrease the money to be used in this war effort by as much as possible.