RUSSIA Declares Force Majeure

Video Description

Please check out my latest food video:I Tried Gordon Ramsay’s Wagyu Burger at Burger King https://youtu.be/jVx2EwQP-24 The Drunken Duck video has not been published yet but is coming very soon! If you would like to support the Channel: https://www.buymeacoffee.com/JoeBlogs https://www.patreon.com/joeblogsYT YouTube Membership - https://www.youtube.com/channel/UCjniKviAJH0mENoLStpQXmQ/join YouTube Super Thanks (click below) Lukoil — Russia’s biggest private oil company — has just declared force majeure at one of Iraq’s largest oilfields, West Qurna-2, which pumps nearly half a million barrels a day. That legal term means the company is unable to operate because of factors beyond its control — in this case, Western sanctions that froze cash payments and cancelled cargoes. This move could spell disaster for Lukoil’s global business: Iraq’s oil ministry may seize its stake, while countries across Europe are already taking over or shutting down its refineries and retail networks. In this video, I break down: What “force majeure” actually means and why Lukoil had to declare it. The impact on Iraq’s West Qurna-2 field and how Baghdad may respond. The cascade of asset seizures and shutdowns in Bulgaria, Finland, Moldova, Turkey, and Romania. Lukoil’s collapsing profits and whether this could push Russia’s oil giant toward bankruptcy. What this means for the wider Russian economy and Moscow’s energy leverage. 👉 Subscribe for more deep-dives into Russia’s shrinking oil empire, global sanctions, and the economic war reshaping our world. For specific details please check out the CHAPTER list below. Chapters: 0:00 Intro 1:08 FOREC MAJEURE 2:28 IRAQ 5:49 BULGARIA 6:47 FINLAND 7:27 MOLDOVA 7:59 TURKEY 8:45 ROMANIA 9:05 USA 9:51 OTHERS 10:27 SUMMARY & CONCLUSION #russia #ruble #russianeconomy #donaldtrump #globalrecession #russianoil #gdp #rouble #ukraine #uk #pricecap #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3