RUSSIA at Breaking Point

In this video, I examine the latest developments as petrol prices at some Russian filling stations have reportedly risen above 100 roubles per litre for the first time, while fuel shortages continue to affect multiple regions across the country.

We look at what is driving these price increases, why attacks on oil refineries matter so much from an economic perspective, and how reduced refining capacity is impacting domestic fuel supplies, diesel exports and the wider Russian economy.

I'll also analyse the latest diesel export data, including a detailed look at the trend over the past several years, and explain why refined petroleum products are far more valuable than crude oil. We'll discuss what this means for export earnings, government tax revenues, inflation, interest rates and Russia's economic outlook.
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