Skip to main content

Ukraine destroyed 1.1 million barrels per day of Russian refining capacity, which funds 77% of Russia's budget. How effective is economic warfare?

Explanation

Putin relies almost entirely on energy exports for government revenue. The 17% reduction in refining capacity costs billions in lost export income during peak demand season. Russia's oil reserves are...

Unlock the full explanation

Get deeper insights with Principle Premium

Upgrade to Premium