Doomberg • 6232 implied HN points • 17 Feb 26
- The EU's large bureaucracy keeps repeating sanctions out of institutional momentum, so policy changes are hard even when past packages have not achieved their goals.
- The drop in Russia's oil and gas revenues looks driven more by global price declines and market forces than by sanctions, and signs like a strong ruble suggest sanctions haven't shattered the economy.
- Major players such as Rosatom remain able to do business with European partners, highlighting big gaps and contradictions in the sanctions regime where strategic energy and technology ties are preserved.