Zelensky: Putin Is Leading Russia To Bankruptcy

Russia has serious economic losses.

Ukrainian President Vladimir Zelensky said that Russian oil refining has decreased by 10% in recent months alone. In addition, Russian companies are forced to stop wells, which is even more painful for their production than the economic losses.

He said this on Monday, May 18, during an evening address.

"The nature of Russian oil production is such that this is what is most unpleasant for them. Other than the loss of money, of course. In order to restore well production, Russia has to do much more than many other oil countries that are jamming wells, reacting even just to market fluctuations," Zelensky said.

He said the complex pressure from Ukraine and partners has already resulted in the Kremlin running a much larger deficit in five months than it had planned for the year.

"[Vladimir] Putin has certainly put aside money for the war, but certainly not so much to fight indefinitely. Every retaliatory strike we make, every joint pressure move we make with our partners, is pushing Russia to end its war. Now they already have a significant number of regions in bankruptcy, and Putin is leading Russia into bankruptcy. And the various schemes they come up with to make money won't help them. We see these Russian schemes. We are fixing them. And we will break them," the president added.

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