Russia Loses 40% - Joe Blogs
Russia has just lost up to 40% of its oil export capacity and this could have major consequences for the global economy.
In this video, I break down whats really happening behind the headlines, including the drone attacks on key Russian oil terminals like Ust-Luga, Primorsk and Novorossiysk, and how these strikes are disrupting millions of barrels per day of exports.
We also look at the bigger picture why Ukraine is now targeting Russias economic infrastructure, how modern warfare is shifting towards low-cost drone attacks, and why this strategy could be far more effective than traditional military tactics.
But theres a twist.
At the same time as Russia is losing export capacity, oil prices are rising due to the war in Iran, and the US has temporarily eased restrictions on Russian oil at sea allowing billions of dollars of deals to go through.
So is Russia really losing
or is it finding ways to offset the damage?
And what does all of this mean for:
The Russian economy
Ukraines war strategy
Global oil prices
Inflation and the wider global economy
This is a fast-moving situation with major implications and one that most people are currently overlooking.