Russian President Vladimir Putin‘s use of power as a weapon of financial war is increasingly backfiring, threatening the core of Russia’s beleaguered economic system and curtailing its geopolitical influence.
Western sanctions, falling price ranges for Russian fossil fuels and strategic miscalculations are hurting the country’s oil-and-fuel field even though the war in Ukraine is poised to stretch into a next calendar year. Ultimately, the pressure will erode Moscow’s standing as an electricity superpower, according to analysts and previous power officers and executives.
