October 23, 2025
Russia’s oil giants get sanctioned by the US. Will it hurt the Kremlin’s war on Ukraine? (For now, no)
Jennifer Kavanaugh, a senior fellow at Defense Priorities, a Washington think tank, said she doubted the sanctions would have a major effect on the Ukraine war.
“For Putin, this war is existential,” she said. “He has shown that he is willing to bear significant costs to achieve his objectives, in terms of lost Russian lives and economic and military expenses. This latest round of sanctions will not change that calculus.”
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