Ukraine's Refinery Strikes Push Russia Into a Fuel Crisis
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After weeks of trying to downplay the impact of Ukrainian drone strikes on Russian refineries, the Kremlin acknowledged this weekend that Russia faces fuel shortages and a fuel crisis that needs further government intervention to solve. A few weeks ago, regional governors across Russia rushed to downplay the fuel crisis, seeking to assure residents that supply is tight only at limited gas stations and there is no need to panic about shortages. Apparently, this narrative couldn’t be contained for too long as Ukraine is stepping up attacks…
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Financial market analysis indicating bearish sentiment based on current trends.
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