Economic Warfare

Ukraine’s Economic Resilience: A War Won Despite Crushing Losses?

Mykhailo Travetsky’s farm in Pryluky became the scene of intense fighting during the initial weeks of the Russian invasion. His property was situated near a stalled Russian column, transforming it into a frontline battleground. Locals engaged in armed resistance to defend the farm, while Mr. Travetsky continued his daily chores amidst the shelling, carrying a rifle and wearing body armor. This period established a critical benchmark for all Ukrainian businesses struggling to operate amid the conflict.

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Drone Attack on Russian Oil Depot Sparks Fire, Fuels Debate on War’s Economic Impact

A drone attack on November 29th ignited a significant fire at an oil depot in Russia’s Rostov region, consuming two separate petroleum reservoirs. Governor Yuri Slyusar confirmed the incident and the resulting large fire at an industrial facility. The Russian Ministry of Defense claimed to have intercepted 47 drones across multiple regions, including 29 in Rostov. Reports indicate the fire occurred at a depot in the Kamensky district.

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Bloomberg reports that Ukraine’s long-range drone attacks have managed to cut Russia’s daily oil refining capacity by up to 900,000 barrels

The news that Ukraine’s long-range drone attacks have managed to cut Russia’s daily oil refining capacity by up to 900,000 barrels is a significant development in the ongoing conflict between the two nations. This tactic has proven to be a triple win for Ukraine, with the attacks not only reducing oil products but also creating scarcity that affects both military and civilian operations. By targeting Russian distillation plants, Ukraine is effectively disrupting Russia’s ability to fuel military operations and live training exercises, forcing them to reallocate air defense systems to protect critical oil facilities. This not only weakens the Russian military but also highlights the vulnerability of Russia’s economy, which has long been dependent on oil exports.… Continue reading