Russia got 45% of its national budget — that’s all its social programs, everything — from oil and gas royalties, and the price of gas hit the floor during COVID. Russia was broke. Russia was bankrupt before Putin’s war in the Ukraine. Thanks to this invasion, the price of oil has completely reversed the bankruptcy of the Russian state, and now they're making money off this war. So, we have to cutoff Putin’s ability to make money off the oil.
