Russia and
Tom Keatinge, director of the Centre for Finance and Security at Rusi, said western messaging about sanctions was convoluted and there were too many loopholes. Russia would, he said, work around recent US sanctions on two Russian oil giants, Lukoil and Rosneft, just by re-labelling the exported oil as coming from non-sanctioned companies. Mr Keatinge said if the West really wanted to hurt Russia's war economy, it would embargo all Russian oil and fully implement secondary sanctions on countries that still buy it. "We need to stop being cute and go full embargo," he said. "We need to take our implementation of sanctions as seriously as the Kremlin takes circumvention."