403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Zelenskyy Says Russia’s Oil Output Falls After Ukraine’s Long-Range Strikes
(MENAFN) Ukrainian President Volodymyr Zelenskyy said on Monday that Russia has experienced a decline in active oil wells and refining capacity following what he described as Ukrainian “long-range sanctions.”
Speaking about the economic impact, Zelenskyy also pointed to what he called early indicators of financial strain in Russia, including pressure on the banking sector and a widening federal budget deficit.
He argued that the effects on oil production could be particularly significant due to the technical difficulty of restarting wells in Russia compared to other major oil-producing countries.
According to his remarks, one Russian oil company—described as not among the largest operators—was reportedly forced to shut down around 400 wells.
Zelenskyy further claimed that Russia’s oil refining capacity dropped by at least 10 percent during the first months of the year.
He said the measures were proving effective, adding that Ukraine would continue expanding what he referred to as its “long-range sanctions” campaign.
Speaking about the economic impact, Zelenskyy also pointed to what he called early indicators of financial strain in Russia, including pressure on the banking sector and a widening federal budget deficit.
He argued that the effects on oil production could be particularly significant due to the technical difficulty of restarting wells in Russia compared to other major oil-producing countries.
According to his remarks, one Russian oil company—described as not among the largest operators—was reportedly forced to shut down around 400 wells.
Zelenskyy further claimed that Russia’s oil refining capacity dropped by at least 10 percent during the first months of the year.
He said the measures were proving effective, adding that Ukraine would continue expanding what he referred to as its “long-range sanctions” campaign.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment