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Russian Economy Unplugged By Oil Sanctions - Econ Lessons
On January 12, 2025, the U.S. Department of the Treasury announced intensified sanctions targeting Russia's oil production and export sectors.
This was a significant and decisive moral and economic victory for the free and independent democratic country of Ukraine.
These measures aim to diminish Russia's primary revenue source, thereby constraining its capacity to finance the ongoing conflict in Ukraine.
My video explains this in simple terms to be understood in terms of impact for Russia.
The sanctions encompass a prohibition on specific services related to Russian oil exports and the designation of key entities and individuals within Russia's energy industry. This strategic move underscores the United States' commitment to applying economic pressure on Russia in response to its actions in Ukraine. I also extend the analysis to include the long term affect if there is a change in US policy.