Given that Russia's oil production was already reduced from where it was just before the invasion of Ukraine, and given that Russia in October acknowledged technical hurdles in ramping production back up again, the possibility that Russia may not be able to bring the idled production back online again cannot be dismissed entirely.
Given that Russia's oil production was already reduced from where it was just before the invasion of Ukraine, and given that Russia in October acknowledged technical hurdles in ramping production back up again, the possibility that Russia may not be able to bring the idled production back online again cannot be dismissed entirely.
At the present time, the economic indicators suggest Europe is better able to withstand this economic attritional warfare (Russia's economy is already contracting, while Europe's is still problematic in that area), but it's not a huge difference. I'm not making any predictions on who will win.
But make no mistake about it--Russia is ALREADY greatly damaged. Economically and militarily, they are going to come out of this war in Ukraine substantially and possibly even permanently diminished. Economically, Europe is facing a similar fate, enough so that even framing the outcome as a "victory" could prove to be a tad presumptuous for either side.
Given that Russia's oil production was already reduced from where it was just before the invasion of Ukraine, and given that Russia in October acknowledged technical hurdles in ramping production back up again, the possibility that Russia may not be able to bring the idled production back online again cannot be dismissed entirely.
https://newsletter.allfactsmatter.us/p/could-the-oil-price-cap-end-russian
At the present time, the economic indicators suggest Europe is better able to withstand this economic attritional warfare (Russia's economy is already contracting, while Europe's is still problematic in that area), but it's not a huge difference. I'm not making any predictions on who will win.
But make no mistake about it--Russia is ALREADY greatly damaged. Economically and militarily, they are going to come out of this war in Ukraine substantially and possibly even permanently diminished. Economically, Europe is facing a similar fate, enough so that even framing the outcome as a "victory" could prove to be a tad presumptuous for either side.