Ukraine's key to victory against Russia is stretching Russian economy until it collapses. The easiest way to achieve that is by going after Russian energy infrastructure as it's largely an oil-based economy.
The war has already caused Russian oil to be devalued to the point that they can only sell it for very discounted price that's lower than the production cost. I think that to pump and refine one barrel now costs $60 or so and they sell it for $40.
So, now that America invaded Venezuela, which has largest confirmed oil reserves, what's likely to happen in the war in Ukraine? If the war's trajectory is similar to that of war in Iraq and it will lead to the increase of gas prices, could that lead to the higher Russian oil prices as well and postpone the long anticipated Russian economic collapse?
Now that America invaded Venezuela, what does it most likely mean for Ukraine?
byu/Proud3GenAthst inAskEconomics
Posted by Proud3GenAthst