Gasoline Price Spike Adds to War’s Economic Toll for Russians

Gasoline prices in Russia have surged, exacerbating the economic strain faced by citizens amid the ongoing conflict with Ukraine. The price spike is partly due to lower oil production following Ukrainian attacks on key refineries, raising concerns about inflation. Central bank officials are now more cautious about monetary policy, with Governor Elvira Nabiullina highlighting this as a new inflation risk. This situation underscores the broader economic challenges Russia is grappling with due to the war, affecting both consumer costs and overall economic stability.