US EditionRussia's Baltic oil ports at a halt a week into Ukrainian drone attacks, Finnish Border Guard says
Satellite images show at least eight storage tanks hit, with Transneft saying loading operations cannot proceed as planned.
- On Wednesday, April 1, fuel loadings at Russia's Baltic export hubs of Primorsk and Ust-Luga remained halted following sustained Ukrainian drone attacks that began over a week ago, the Finnish Border Guard reported.
- These ports are vital to the Russian economy, with Ust-Luga handling 20% of the country's oil exports and Primorsk accounting for 22%, making infrastructure losses likely to force oil companies to lower production levels.
- Bank of Finland Senior Adviser Solanko estimated Russia could lose more than 70 million to 75 million dollars daily from the halt of Baltic Sea crude oil exports alone, citing significant infrastructure damage.
- "At the moment, very few tankers are departing," Head of Maritime Safety and Security at the Finnish Border Guard Mikko Hirvi told Reuters, with only individual vessels moving from the affected terminals.
- This shutdown represents the most severe oil supply disruption in modern Russian history, with at least 40% of the country's oil export capacity halted as of last Wednesday, according to Reuters calculations.
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In the Estonian economic zone, close to the ports of Yumind and Locks, some 30 ships docked and could not enter Russia for cargo after Ukraine ' s attacks on the Russian ports of Ust-Luga and Primorsk.
Russia's Baltic oil ports at a halt a week into Ukrainian drone attacks, Finnish Border Guard says
Oil and LNG shipments from Russia's Baltic export hubs of Primorsk and Ust-Luga were at a halt on Wednesday, more than a week after Ukrainian drone attacks on them began, Finland's Border Guard, which monitors the region's marine traffic, said.
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How will drone attacks cut Russia oil exports?
Russian oil export losses drive imminent output cuts Exclusive reporting from sources describes a developing constraint on Russian crude exports: drone attacks aimed at port infrastructure, pipelines, and refineries are shrinking Russia’s ability to ship oil out of the country. The key mechanism…
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