Oil sanctions against Russia: a success or a flop?

As of December 5, the European oil embargo agreed in the EU's 6th sanctions package, supplemented by the price cap on oil of Russian origin initiated by the G7 countries and adopted in the 8th sanctions package, will come into force. This measure is intended to limit excess profits of the Russian Federation from the sale of crude oil in order to make it more difficult to finance the current war of aggression. We ask ourselves the macroeconomic question of whether the announced sanctions measures will serve their purpose or come to nothing.