Russia’s oil empire under pressure: Can Putin still afford the Ukraine war? | The Dip Podcast
Russia is one of the world's largest oil producers, so why are fuel prices inside Russia soaring to record highs? As Ukrainian drone strikes target
Russia is one of the world's largest oil producers, so why are fuel prices inside Russia soaring to record highs? As Ukrainian drone strikes target Russian refineries and energy infrastructure, cracks are beginning to appear in one of the Kremlin's most important economic lifelines. And these drone strikes? A consequence of Russia’s full scale invasion of Ukraine. In this episode of The Dip Podcast, Russian economic experts Janis Kluge and Sergey Aleksashenko explain how the war in Ukraine is impacting ordinary Russians, why fuel shortages and rising petrol prices are becoming a major political problem for Vladimir Putin, and whether Russia's oil-dependent economy can withstand mounting pressure from war and sanctions.
Has Russia's biggest source of wealth become its biggest vulnerability? And how much longer can Moscow finance the war while keeping its own economy stable? @SergeyAleksashenkoSr says Russia needs to end the war in Ukraine to feel economic relief at their own end. Watch now to find out why Russia's fuel crisis could reveal the true cost of Putin's war. Chapters 00:00 Why are Russians queuing for gasoline in an oil-rich country? 01:07 Experts Sergey Aleksashenko & Janis Kluge 05:15 Why the Kremlin is worried: Fuel shortages become a political problem 06:42 Is Russia becoming the Soviet Union again?
10:09 The difference between crude exports and Russian fuel supplies 12:03 Is Russia’s war with Ukraine finally reaching ordinary Russians? 14:51 Can Russia still afford the war? Military spending, deficits and economic sustainability 16:39 Russia's shrinking financial buffer: What happened to the Wealth Fund? 18:45 Sanctions vs Ukrainian drone strikes: Which is hurting Russia more? 21:22 Russia's economic future and growing dependence on China 23:30 Sergey Aleksashenko: Why ending the war matters economically 24:40 The limits of Russia's wartime economy 27:18 Outro: "Home alone" at The Dip?
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