Empty tanks: Why was Russia, the world's largest oil producer, left without fuel?

The current crisis in Russia pertains to the fuel sector, as the country faces a severe shortage of gasoline and diesel supplies due to attacks on refineries and infrastructure targeting by Ukraine. Despite possessing the world's largest crude oil reserves, Russia's refining capacity has declined. This has led to a rise in fuel prices of over 9.8% since the beginning of the year, with long lines forming at gas stations and a limited availability of certain types of gasoline. Although Russia heavily relies on crude oil in its budget, experts expect the crisis to intensify during the summer before signs of improvement emerge. There is an urgent need to organize supply chains and strengthen the protection of refineries and transportation to ensure market stability and reduce the impact of tensions on fuel prices.

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