US feels impact of Ukrainian strikes on Russian oil infrastructure – Axios
Attacks by Ukrainian drones on oil refineries in Russia have dealt a major blow to the country's oil infrastructure, triggering an economic shock whose effects are now being felt in the United States.
Source: Axios, as reported by European Pravda
Details: Axios notes that the effectiveness of Ukraine's drone campaign has contributed to rising global energy prices, which were already elevated due to the war in Iran.
The consequences are now being felt in the US as well. After Russia banned fuel exports last week, US diesel prices on Thursday edged above US$5 per gallon.
The price increase reflects the global scramble for fuel supplies that are critical for industries such as agriculture, construction and ground transportation.
Russia's export ban points to the scale of the economic disruption the country is experiencing. Meanwhile, Moscow has sought to conceal the impact of the war on its economy since launching its full-scale invasion of Ukraine in February 2022.
Russia has stopped publishing much of its economic data. Some Western intelligence agencies believe that the figures it does release are manipulated to present a more optimistic picture to the outside world.
Background:
- Estonian intelligence noted Ukraine's successes in long-range strikes on Russia, which the Ukrainian authorities refer to as "long-range sanctions", and said Russia is tightening its grip on the population amid fears of growing public discontent.
- Last week, Colonel Ants Kiviselg, Head of the Intelligence Centre of the Estonian Defence Forces, said Russia is responding to Ukraine's successful strikes by intensifying its information warfare against the West.
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