Could Ukraine's Strikes on Russian Oil Could Derail Biden's Reelection?

Washington's apparent concerns to Kyiv not to continue strikes on Russian oil infrastructure show unease that attacks hampering Moscow's military machine may have repercussions on President Joe Biden's campaign trail.Overnight Tuesday, in the border oblast of Smolensk, images of blazes by an oil depot in the regional capital of the same name followed what local authorities called an 'enemy attack on civilian fuel and energy facilities.

9 trillion rubles into the country's federal budget.Crude oil exports from Russia have risen following the damage to refineries. Because the Russian state extracts royalties at the wellhead, the government can continue collecting revenue while crude exports are maintained, said Korhonen.'It is major Russian oil companies, rather than the state, that are, for the time being, feeling the impact of these strikes the most,' he added.

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