Putin's Oil Industry Is in Trouble

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The Russia leader has turned to his neighbor, Belarus, for oil imports as Ukraine ramps up attacks on his oil refineries.

Ukrainian drone attacks on Russian oil hubs and refineries are putting in peril President Vladimir Putin's oil industry—the cornerstone of his country's economy—recent developments suggest.Gasoline production in Russia has fallen after a series of strikes by Kyiv on the country's oil refineries, figures show. Rosstat, Russia's Federal State Statistics Service, said that in the week ending March 24, the nation's production of motor petrol fell by approximately 7.

Kyiv ramped up its attacks on Russian refineries beginning this year. On January 18, Ukraine launched a drone attack on a St. Petersburg oil terminal, about 620 miles from the Ukrainian border.Another of its drone attacks, near St. Petersburg on January 21, struck a major gas export terminal—a Novatek PJSC gas-condensate plant in the port Ust-Luga—causing a huge fire and halting fuel supplies.

 

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