Russia lost at least 40% of oil export capacity, Reuters reports

https://gwaramedia.com/en/russia-loses-at-least-40-oil-export-capacity-reuters-says/?utm_source=Reddit

Posted by murphystruggles

7 Comments

  1. Inglorious555 on

    Hopefully with that much gone there’ll be more wear and tear on the other 60% to make the job easier

  2. According to the internet oil and gas makes up around 20% of the Russian economy. About half of their oil and gas production is used internally so that’s about 10% of gdp being linked to exports (I’m sure that’s a very blunt calculation as internal vs external prices and supply chains will be different but it’s close enough for now).

    40% of 10% is a 4% but some of that will be from gas rather than oil, although according to the internet oil dominates gas for the economic impact for Russia. So let’s say 75% is oil related. That gives us Ukraine hitting Russian gdp by 3%.

    3% doesn’t sound like much but it’s huge. In percentage terms it’s more than the defence budget for most European nations.