Ukraine’s Strikes on Russian Oil Cut Revenue by $74 Billion
The Ukrainian General Staff reported that strikes on Russian enterprises and infrastructure have caused an estimated $74 billion loss in revenue, accounting for about 4% of Russia’s GDP. Almost 80% of these attacks targeted oil and gas infrastructure, including refineries and storage facilities, with the majority of strikes occurring within 1,000 kilometers of Ukrainian positions. These actions have prompted India, a major buyer of Russian crude, to seek alternative sources, potentially influenced by political pressures from the United States.
John Q. Hosedrinker