Russia Bans Exports - Joe Blogs

Russia should be making record profits right now. Instead, it’s banning fuel exports. Oil prices have surged above $100 per barrel, creating what should be a huge opportunity for one of the world’s biggest exporters. But instead of cashing in, Russia has announced a ban on gasoline exports.

In this video, I explain what’s really going on, why Russia is restricting fuel exports despite strong oil prices, and what this tells us about the growing pressure on its energy system. We’ll look at refinery damage, supply disruptions, and why this could have serious consequences for the Russian economy.