Ukraine has stepped up attacks on Russian oil refineries in recent months. Aimed at hurting Russia’s export revenues and cutting fuel supplies to Russian President Vladimir Putin’s military. In one of the latest attacks, Ukrainian drones attacked and set fire to a refinery in Russia’s Kaluga region. The state reported on Friday, Reuters reported.
Earlier this week, Ukraine also attacked Gazprom’s Neftekhim Salavat refinery. One of Russia’s largest refineries, Rady Khabilov, head of Russia’s Republic of Bashkortostan, said in a Telegram post. However, the Biden administration has previously criticized such tactics. Secretary of Defense Lloyd Austin in April called on Ukraine to shift its focus to military targets. Saying there was a risk of harming global energy markets.
“These attacks could have a domino effect on the global energy landscape,” Austin said. “Frankly, I think Ukraine would be better off pursuing tactical. And operational objectives that could have a direct impact on the current fighting. However, some experts believe that this I think criticism is misplaced.
Magazine
Foreign Affairs Magazine was written by Michael Liebreich, founder of Bloomberg New Energy Finance. And Lauri Milievirta, senior analyst at the Center for Energy. And Clean Air Research and Ph.D. in Political Science from Princeton University. Sam Winter-Levy is a student in the course. He insisted that Ukraine’s attacks on Russian oil refineries would not lead to an increase in world energy prices.
Experts say Ukraine’s attacks on refineries will only hinder Russia’s ability to convert oil into refined products. Such as gasoline but will not affect the amount of oil Russia can extract or export. He said he would not In fact, Russia will be forced to increase rather than reduce its crude oil exports due to reduced domestic refining capacity. So world prices will fall rather than rise,” they added.
Attacks
Such attacks are likely to continue to affect people in Russia, where prices for refined products such as gasoline and diesel are soaring, making Ukraine’s attacks a target of the West’s failed economic sanctions. They went on to say that this means that they have achieved the following: Western countries are trying to impose a series of sanctions on Russia to limit its energy revenues. The United States and Britain have banned Russian oil and gas, and G7 leaders agreed to cap the price of Russian crude at $60 per barrel. However, Russia has largely managed to avoid such measures, with Deputy Prime Minister Alexander Novak saying last December that Russia had shifted almost all of its oil exports to China and India.
Oil Revenue
Russia’s oil revenue more than doubled in April compared to a year earlier, Bloomberg reported, confirming the company’s successful turnaround. According to the report, the country’s total oil and gas revenues reached 1.23 trillion rubles this month, an increase of almost 90% compared to April last year.
Reuters reported in April that Russia was also likely to be able to quickly repair some of its major refineries hit by the Ukraine strike, with the bureau’s estimates showing that the affected production capacity was at the end of March. It is said that the increase has increased from nearly 14% to approximately 10% Reduction. However, Ukraine has since launched a series of new attacks on the refinery site, and it remains unclear what impact these have had on Russia’s remediation efforts.
