It is widely feared that reducing Russian oil revenues could push up the world price of oil (which is priced in dollars) and boost Putin’s dollar revenue, even if Russia’s export volume falls. But is there any alternative?
WASHINGTON, DC – Four months into the invasion of Ukraine, the Russian army continues to grind its way relentlessly through the Donbas region. Some Western commentators are calling for more weapons to be supplied faster to Ukrainian forces. This is without question necessary to stop Putin, but is it sufficient to stop him soon – and in such a way that he doesn’t merely pause to re-equip before starting a new wave of bloody aggression?
WASHINGTON, DC – Four months into the invasion of Ukraine, the Russian army continues to grind its way relentlessly through the Donbas region. Some Western commentators are calling for more weapons to be supplied faster to Ukrainian forces. This is without question necessary to stop Putin, but is it sufficient to stop him soon – and in such a way that he doesn’t merely pause to re-equip before starting a new wave of bloody aggression?