US feels impact of Ukrainian strikes on Russian oil infrastructure – Axios
Ukrainian drone attacks on Russian oil refineries have dealt a major blow to Russia'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 edged above US$5 per gallon on Thursday.
The price increase reflects a global scramble for supplies of a fuel that is critical for industries such as agriculture, construction and ground transportation.
Russia's export ban points to the intensity of the disruption in the Russian economy. Moscow has tried 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 sanctions" (strikes) on Russia 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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