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Politics

Russian oil industry set back 20 years by Ukrainian strikes (Ukraine Battlefield update: Day 1,602)

EUobserver Ukraine 14 July 2026, 13:49 UTC 1h ago

Russian oil industry set back 20 years by Ukrainian strikes (Ukraine Battlefield update: Day 1,602) — EUobserver

With refinery output crashing to 20-year lows, tens of millions of Russians now face soaring fuel and food prices, rolling shortages and a budget hole the Kremlin can no longer hide.

This story was reported by EUobserver. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at EUobserver →

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