Today, on March 19, Karin Kneissl delivered a lecture at the Faculty of Economics of St. Petersburg State University entitled “Sanctions, Oil, and the Unraveling Global Order.” Dr. Kneissl provided a structured analysis of the evolving global sanctions regime, examining the historical effectiveness of UN Security Council measures, the shift toward extraterritorial jurisdiction by both the US and EU, and the growing fragmentation of energy markets. Special attention was paid to the strategic importance of the Strait of Hormuz and how physical disruptions in oil supply can reshape the global economy overnight. In her concluding remarks, Dr. Kneissl reminded the audience that even if a diplomatic solution emerges this week, restarting paralyzed energy markets will take considerable time. She closed with a timeless quote from Winston Churchill: "Liberty lies in diversity and in diversity alone" — a reflection on the broader implications of today's geopolitical fragmentation. #GORKI #Sanctions #EnergySecurity #GlobalOrder #SPbU