NATO–Russia relations

How the West's plan to punish Russian oil backfired

Author: Editors Desk Source: CBC News:
May 16, 2024 at 17:18


After Russia invaded Ukraine, the West took aim at Russia's oil sector to hamper Russia's wartime economy. Andrew Chang explains how Western leaders used oil price caps and shipping embargoes to disrupt a critical source of revenue — and the workarounds Russian President Vladimir Putin found to keep the oil money flowing.

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