Russian oil: State of play. Are sanctions on Russia working? Price cap, oil embargo, shadow fleets.

🔵 Since the beginning of the war in Ukraine, the West has been working on curtailing Russia’s aggression. They introduced sanctions on Russian oil and gas - limitations on buying Russian fuels - in the form of a price cap and embargo. Now, it’s time to look at the core question: are sanctions working. 🔵 In this video, we track at Russia’s oil and gas sector - how it still reaches Europe (in the EU gas still flows through the Druzba pipline), who still buys Russian oil (China and India are the new markets) and what are the new, unexpected oil markets. But most of all - do sanctions impact Russia’s revenue? Does it stop Russia’s petro-economy and what is the sanctions effect on Russia. 🔵 This is sanctions on Russia explained - today, with OSW analyst, Filip Rudnik - author of an in-depth analysis on how Russia’s oil sector is adapting to Western sanctions ⤵️ 📌 https://www.osw.waw.pl/en/publikacje/... 🔵 Subscribe and turn on notifications 🔔 so you don't miss any videos:    / @centreforeasternstudies   🎙️ Listen to our conversations on Spotify: https://open.spotify.com/show/369Umim... 🔵 Follow us on Twitter:   / osw_eng   ➡️ More OSW long-form reports and analysis in English here: https://www.osw.waw.pl/en