Part 5/7:
The impact of these sanctions is anticipated to be profound. The direct targeting of Russia's foremost oil companies means that the nation's primary revenue stream faces significant disruption. Data has shown that while Russia's fossil fuel revenues have already begun to decline in 2023 and 2024, this latest set of sanctions stands to deepen that downward trajectory.
Moreover, these sanctions complicate trade relationships with countries such as China and India, who may now be apprehensive about potential secondary sanctions should they choose to engage with the newly sanctioned Russian entities. As both nations rely heavily on their export markets, they are unlikely to risk significant economic penalties for the sake of maintaining ties with Russia.