KAPSARC – The Art of Endurance: Oil Sanctions and the Strategic Adaptations of Sanctioned Oil-Exporting States
Summary
The document explores the impact of sanctions aimed at the oil sector on three countries: Venezuela, Iran, and Russia.
The focus is on how these countries adapt to economic constraints. The study shows that the effectiveness of sanctions depends on the structural dependence of a country on oil, institutional resilience, and adaptability. The findings emphasize the importance of sanction design, strict enforcement, and multilateral coordination for successful economic pressure in the energy sector.
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