EconomyIs Russia’s fuel crisis a temporary squeeze or the collapse of an industry?
Economists Sergey Vakulenko and Vyacheslav Shiryaev debated the scale of Russia’s fuel crisis after strikes on oil refineries. Vakulenko estimated refining had declined by 25–28%, while Shiryaev said 65–70% of capacity had been knocked out and accused optimistic assessments of prolonging the war. They also disputed gasoline, diesel, and gas-station supply figures.
Is Russia’s fuel crisis a temporary squeeze or the collapse of an industry?