Russia Ukraine War Becomes Economic Battle

• Ukraine is intensifying drone attacks on Russian oil infrastructure, including ports and refineries, aiming to reduce Russia's ability to finance the war.
• Russia is targeting Ukraine's agricultural export infrastructure (warehouses, locomotives) and causing widespread air raid disruptions to consumer spending.
• Black Sea commerce for both nations is 'essentially frozen' due to attacks on shipping, impacting global grain and oilseed supplies.
• The war has become a 'war of attrition' with economies as primary targets, impacting global energy and food prices.

The Russia-Ukraine conflict is increasingly shifting towards economic warfare, with both nations targeting each other's vital economic infrastructure. Ukraine is using drones to hit Russian oil ports and refineries to undermine its financing, while Russia is disrupting Ukrainian agricultural exports and overall economic activity, leading to significant global commodity market disruptions.