Macro-Advisory

President Vladimir Putin dismisses severe fuel shortages in Russia caused by Ukrainian attacks on oil refineries and energy facilities, insisting the war on Ukraine will continue until his objectives are met. Despite reduced gasoline production and rationing in Russia, Putin downplays the impact and rejects ceasefire proposals.

President Vladimir Putin dismisses fuel shortages in Russia caused by Ukrainian attacks on oil refineries, maintaining that the war on Ukraine will continue until his objectives are met. Over 50 Ukrainian strikes since March have damaged Russian energy infrastructure, reducing gasoline production by 17% and prompting rationing in many regions.

Putin dismisses fuel shortages in Russia caused by Ukrainian attacks on oil refineries, claiming the crisis is 'not critical' and vowing to continue the war until his objectives are met. Despite reduced gasoline production and rationing, Putin attributes the energy facility damage to Ukraine's efforts to divert attention from battlefield losses.