In just recent months, Russia’s oil refining has dropped by 10%, and Russian oil companies are being forced to shut down their oil wells.
As for Russia’s overall state revenues – thanks to our comprehensive pressure at all levels – within the first five months of this year, Russia’s deficit has already grown far beyond what it had planned for the entire year.
Putin has, of course, built a war chest – but certainly not enough to fight indefinitely. Every one of our responses, every joint step of pressure together with our partners, pushes Russia closer to ending its war.