alt Hacker NewsReally? Cost of extraction in Russia is about $30/barrel, sanctions introduced discount of about $20/barrel in 2025 which means 70% profit drop at market price of $60. Sounds pretty game changing to me.
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wood_spirit • today at 3:32 PM
But would it have got them to stop the war? Seems unlikely.
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Russia can still produce tens of thousands of drones, missiles, and push up endless meatwaves of conscripts even if their oil sector declines (oil is 15% of their GDP). This war hasn't been that sophisticated for a while. Drones are cheap and China will keep selling them parts while buying their oil.