Russian Economy Faces Crisis as Oil Damage Mounts

📡 Asia Times · 1 min read ·
Russian Economy Faces Crisis as Oil Damage Mounts
Ukraine's long-range and mid-range strike campaign against Russian oil infrastructure is expanding. New analysis from Ukrainian sources on June's oil production damage suggests a serious threat to Russia's war economy. If a Russian countermeasure does not emerge soon, the financial strain could trigger a crisis. The analysis indicates that the ongoing strikes are reducing oil output, a key revenue source for Moscow's military spending. Without a fix for this damage, Russia's war budget may face collapse. The situation is growing more urgent as the strikes continue.