Russia's Fuel Crisis: Central Bank Sees Normalization Despite Soaring Prices, Export Bans
The Bank of Russia is sticking to its guns, forecasting a normalization of the country's troubled fuel market by year-end and predicting only limited broader price impacts, even as the nation grapples with severe shortages and extended export bans. This optimistic outlook comes despite relentless Ukrainian drone attacks that have severely damaged Russia's oil refineries, creating a significant production deficit and driving up pump prices across the country.







