Sanctions backfire. So why do we keep using them?
Russia would have to use tankers willing to get around sanctions to ship its crude to Asia. It's known in the oil industry as a "shadow fleet."
Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.
The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.
The U.S. joined the European Union and Group of Seven nations in enacting new sanctions on Russia in response to the civilian toll reported in Bucha and elsewhere in Ukraine in recent days.
Sanctions can't stop the tanks, but they have had a dramatic impact on the Russian economy and could pressure President Vladimir Putin to change his behavior, says a former Treasury official.
Russian airlines can no longer get spare parts or technical support for their Airbus and Boeing planes.
President Biden described the move as a critical step to punishing Russian President Vladimir Putin for invading Ukraine, but said as a result, Americans should prepare for price hikes at the pump.