Russia will be pretty broken if it keeps playing out like this.
Most western businesses pulled out of Russia once war broke out. That was the skilled labour which maintained and operated their oil industry. We have a labour shortage in our cafes…. They have a labour shortage of their entire oil industry.
Seems they suspended sales and certain operations. Some seem to have completely withdrawn. I just glanced through the list.
At some point they will return, there is money involved. They aren't going to just walk away.
It seems the big oil operators are still in operation, and many have not disclosed anything. Others have stated all capex will continue.
Either way, i think it will be interesting to see what occurs first; Russia's markets opening back up or Ukraine rebuilding its entire infrastructure network.
The West is going to pump so much money into Ukraine it will be silly. So, there is hope there for sure.