US EditionAt least 40% of Russia's oil export capacity halted, Reuters calculations show
Ukrainian drone strikes and pipeline damage have cut about 2 million barrels per day from Russian oil exports, disrupting key western ports and pipelines, Reuters reported.
- According to Reuters calculations, Ukrainian drone attacks have halted roughly 40% of Russia's oil export capacity, or about 2 million barrels per day, as of Wednesday after strikes on critical infrastructure.
- Kyiv intensified drone strikes this month against infrastructure at Russia's three major western ports—Novorossiysk on the Black Sea, Primorsk, and Ust-Luga on the Baltic Sea—while damage to the Druzhba pipeline disrupted supplies to Hungary and Slovakia.
- This disruption strikes the $2.6 trillion Russian economy as oil prices exceeded $100 a barrel due to the Iran war. Kyiv aims to weaken Moscow's military might by diminishing oil revenue, central to the national budget.
- Despite these outages, Russia maintains exports to China via the Skovorodino-Mohe and Atasu-Alashankou routes, plus about 250,000 barrels per day from Sakhalin projects. Moscow has responded by tightening security, characterizing the Ukrainian strikes as terrorist attacks.
27 Articles
27 Articles
Massive attacks by Ukraine on Russian ports and refineries hit Russia's economy. Moscow's oil exports have collapsed by at least 40 percent, experts estimate. Therefore, the Kremlin is talking about terror.
Ukraine's drone attacks and tanker seizures have reduced Russia's oil export capacity by approximately 40%. Russia has become the main oil supplier to India's refineries since the Iran war disrupted oil supplies from Gulf countries. This decline in Russia's export capacity could impact the global oil market.
Kiev’s offensive nullifies the advantage Moscow had gained with the rise in the price of crude oil from the Iran War. More information: Hungary cuts gas supply to Ukraine until it resumes transit of Russian crude oil through a pipeline damaged by Moscow
According to the report, about two million barrels per day are affected by the failures.
Because of Ukraine's attacks on ports.
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