Russia Loses Everything - Joe Blogs

[TexasTowelie]

Gunvor — once one of the biggest traders of Russian oil — has pulled out of a $22 billion deal to buy Lukoil’s global assets after the US Treasury branded the company a “Kremlin puppet.”

Lukoil, Russia’s second-largest oil producer, was trying to offload refineries, petrol stations and stakes in key oilfields across Europe, the Middle East and the US. The sale would have rescued billions in trapped foreign cash — but now it’s over.

In this video, I break down:
• What Lukoil was trying to sell and why it mattered
• The overseas assets now stranded — from Bulgaria and Romania to Iraq and the UAE
• How much oil and gas Lukoil produces in barrels per day
• The origins of Gunvor, its co-founder Gennady Timchenko, and the firm’s deep Russian roots
• And why this collapse is yet another blow to the Russian economy

Chapters:
0:00 Intro
1:23 ASSETS
4:37 GUNVOR
8:50 USA
13:55 SUMMARY & CONCLUSION

[LetMyPeopleVote]

1. Ukraine is very deliberate in the destruction of the Russian oil industry

Link to tweet

?s=20