Hitler fought a major war for over five years without oil sales revenue.
All oil sanctions will do is to force Russians to cut back on importing Chinese chattels.
I’m sorry, Natasha, there will be no Barbie doll for you this Christmas.
“Hitler fought a major war for over five years without oil sales revenue.”
Oil was never a major source of revenue for Germany.
Russia however has been proportionally more dependent on oil and natural gas sales for its Government revenue, than even Saudi Arabia. Russia is sometimes described as a gas station with nukes, because of the high concentration of its economy in that industry.
Sustained low oil prices have been widely credited as the proximate cause of the collapse of the Soviet Union.