How Western Sanctions Are Finally Cutting Russia’s Oil Revenues—and What It Means for America

As the fourth anniversary of Russia's full-scale invasion of Ukraine approaches, the Kremlin faces a critical financial squeeze unlike anything seen in years. Once a cash cow fueling Vladimir Putin's war machine, Russia's oil export revenues have plunged dramatically due to a series of targeted sanctions imposed by the United States, European Union, and their allies. Are Sanctions Finally Strangling Putin’s War Fund? For years, Russian oil and gas exports propped up the Kremlin’s aggressive military ambitions, allowing Moscow to continue its costly conflict despite international condemnation. However, recent decisive steps—including U.S. sanctions on Russia's two largest oil companies, Rosneft...