More Cowbell

Doomberg · Doomberg · February 17, 2026 at 11:02 · ⏱ 3 min read  | Read on Substack ↗
TLDR
The article critiques the EU's sanctions on Russia as ineffective and driven by bureaucratic inertia, arguing that falling Russian oil revenues are due to global energy gluts rather than sanctions. It highlights the exemption of Rosatom from sanctions as evidence of the EU's practical reliance on Russian nuclear technology, revealing the limitations and hypocrisy of the sanctions regime. • EU bureaucracies are large, inflexible, and prone to mission creep, making policy shifts difficult. • Despite 20 sanctions packages on Russia since the Ukraine war, they have failed to bring Russia to its knees. • Russian oil and gas revenues dropped in 2025 primarily due to low oil prices and a strong ruble, not sanctions. • The global hydrocarbon glut has crashed energy prices, which inadvertently inflicts more pain on Russia than sanctions. • Rosatom, a Russian state-owned nuclear company, remains unsanctioned and continues key operations in Europe, underscoring EU dependency. • The sanctions regime is running out of targets and is undermined by practical economic necessities.
Full Analysis

{ "tldr": { "summary": "The article critiques the EU's sanctions on Russia as ineffective and driven by bureaucratic inertia, arguing that falling Russian oil revenues are due to global energy gluts rather than sanctions. It highlights the exemption of Rosatom from sanctions as evidence of the EU's practical reliance on Russian nuclear technology, revealing the limitations and hypocrisy of the sanctions regime.", "key_points": [ "EU bureaucracies are large, inflexible, and prone to mission creep, making policy shifts difficult.", "Despite 20 sanctions packages on Russia since the Ukraine war, they have failed to bring Russia to its knees.", "Russian oil and gas revenues dropped in 2025 primarily due to low oil prices and a strong ruble, not sanctions.", "The global hydrocarbon glut has crashed energy prices, which inadvertently inflicts more pain on Russia than sanctions.", "Rosatom, a Russian state-owned nuclear company, remains unsanctioned and continues key operations in Europe, underscoring EU dependency.", "The sanctions regime is running out of targets and is undermined by practical economic necessities." ] }, "trade_ideas": [] }

Read time 3 min
Length 3,876 chars
Category finance
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