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Tsoncho Ganev's claim that sanctions on Russian oil are failing is misleading. It is based solely on the titles of two media articles and deliberately ignores all evidence that international sanctions are having an effect, even the evidence mentioned in the articles themselves. Russian oil prices are substantially lower compared to the same period last year. Russian authorities admit that their budget revenues from oil have been reduced. Oil markets remain relatively stable, with no supply issues and no price spikes.
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