Russia'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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17 Articles
Russian oil terminals under attack unable to accept shipments for second week, sources say
April 3 - Russia's Baltic oil export hubs at Ust-Luga and Primorsk remain unable to handle shipments after a series of Ukrainian drone attacks, prompting the country's refineries to find alternative routes for export, industry sources said on Friday. Read more at straitstimes.com.
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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.
Russian oil ports in the Baltics are still unable to process cargo after drone attacks. Due to drone strikes, the ports of Ust-Luga and Koivisto have almost stopped working. Russian refineries are forced to look for expensive alternative routes for fuel exports.
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