Russian Oil and Gas: Is There Life Under Sanctions?
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Please join the the Saltzman Institute of War and Peace Studies and the Harriman Institute for a lecture by Mikhail Krutikhin, moderated by Natasha Udensiva.
Russia has withdrawn voluntarily from the natural gas market in Europe, without any hope to access alternative markets in Asia, even though no sanctions were threatening its gas exports. In the meanwhile, its “banned” oil exports are thriving but fetch just about half of previous revenues to the state budget. Is the current strategy of Russian oil exporters short-lived? Can the West do more to decrease Putin’s access to cash needed for the Ukraine war?