from Hacker News

Sanctions Leave Out Oil

by imoldfella on 2/27/22, 5:27 PM with 10 comments

• by sharken on 2/27/22, 5:51 PM

  Key quote from the story:

  "I don’t think Russia is blind to what is going on and it must indicate to them that the West does not really have the stomach for a painful fight over Ukraine.”

  The West will help Ukraine but not too much. As we've seen with SWIFT, it's still possible that this decision will be overturned.

• by lowkey on 2/27/22, 6:31 PM

  Not from the article, but I read elsewhere that the sanctions also have a carve-out exclusion for Italian luxury goods - certainly not a NEED

  Also, in the case of the United States, Canada and Germany our energy dependency on Russian oil is entirely self-inflicted. There were other options but the short-term optics of environmental concerns superceded the desire for energy independence - now we are seeing the implications of those decisions.

• by LatteLazy on 2/27/22, 6:22 PM

  We NEED russian gas and oil. They need to sell it to us. So no neither side CAN sanction it for now.

  The best we can do is a huge, rapid expansion of import capacity from other countries.