Post #58665 by Dope1 on the US Policy board

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I’ve been saying, go pound their oil industry for some time:

https://www.wsj.com/world/russia/trumps-oil-sancti...

Analysts say the impact of blacklisting Rosneft and Lukoil—Russia’s biggest oil producers—will hinge on three things: how well they are enforced, the reaction of major markets in India and China, and whether Moscow can circumvent the measures.

The new U.S. sanctions “mark the most material move to date by the U.S. to shutter the Russian war ATM,” Helima Croft, head of global commodity strategy for RBC Capital Markets, wrote in a note to clients. “If the Trump administration does indeed back today’s words by action, we anticipate that refiners seeking to retain access to U.S. capital markets will forgo Russian barrels.”

The European Union on Thursday approved new sanctions phasing out purchases of Russian liquefied natural gas and targeting more than 20 Chinese and other foreign firms involved in the Russian oil trade. Trump’s decision to impose the U.S. sanctions came after the Kremlin rejected Washington’s call for a cease-fire along the current front lines, followed by peace talks. The president has previously called for Europe to hit Beijing economically for continuing to support Russia’s economy.

About time.

Cut off the dollars and Putin’s ability to buy guns and dudes dries up.

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