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Russian Oil Starts to Collapse - Joe Blogs
Russia’s second-largest oil company Lukoil is now facing its biggest crisis yet.
Sanctions from the US and UK have triggered chaos across its overseas network — cargo cancellations in Iraq, frozen payments in Finland, and severe disruption to trading, refining and retail operations across Europe.
In this video I explain:
• The devastating impact of recent sanctions on its global operations
• Why cargoes have been cancelled and payments frozen
• What the emergency asset sale to Gunvor means
• And how this collapse could shake Russia’s economy
This story is about much more than one company — it’s about what happens when sanctions finally bite deep inside Russia’s energy system.
For specific details please check out the CHAPTER list below.
Chapters:
0:00 Intro
5:28 ASSET SALE
10:57 SUMMARY & CONCLUSION