Ukrainian President Volodymyr Zelenskyy has stated that Russia is importing petrol, calling it the rightful result of the work of the Security Service, the Armed Forces, intelligence and Ukrainian weapons manufacturers.
Quote: "Today, there were also reports on our entirely justified strikes against Russian targets – against their logistics and fuel infrastructure. I am grateful to our warriors for their precision. Russia chooses war, Russia destroys our people’s lives, and must be held accountable – our long-range capabilities will increase.
Isn’t Russian economy based mainly on oil export? If that’s true, then it should collapse soon. I a little bit doubt that it’ll actually happen soon, though.
They’re still exporting but it’s crude oil instead of refined product now so a lot less profitable.
They’re exporting crude on the cheap (due to sanctions) and buying back market rate refined fuels. They’re losing twice on it.
Russia has a moderately high cost of production and transportation for oil, so yeah, they’re not making easy money selling crude.
They are spending their export earnings, to import refined petroleum products now, ROFL. And you better believe that Ukraine will be targeting import facilities and infrastructure soon…
Imagine an oil economy that has to import oil products, hehe. What an unmitigated fail that ruzzia, and their midget dicktator is…
The Russian economy now is largely based on providing war mateiriel. Russia’s export earnings are heavily dependent on fossil-fuel exports, though, and they have to import both finished and raw materials to keep military production going. Those have to be paid for, and hardly anyone wants roubles.
Makes sense.