Russia losing hundreds of thousands of barrels a day to Ukrainian drone strikes
Photo: oil production in Russia (Getty Images)
Ukraine has effectively blocked Russian oil exports despite a temporary easing of US sanctions. Russia is losing billions of dollars due to targeted strikes on ports and energy infrastructure, according to an Al Jazeera analysis.
Although oil prices have risen above $100 per barrel due to the blockade of the Strait of Hormuz, Moscow is unable to reap windfall profits. One reason is sanctions, even if occasionally eased, and another is Ukrainian strikes on Russian refineries.
March decline statistics:
- Crude oil transshipment fell by 300,000 barrels per day.
- Exports of petroleum products dropped by 200,000 barrels.
The agency notes that since March 21, Ukraine has begun systematically targeting and destroying Russian ports and refineries. Ukrainian strikes are preventing Russia from loading oil onto tankers.
April has been even worse for Russia. Indicators have already dropped to their lowest levels since summer 2024. By the end of April, the figures could reach record lows last seen in 2023.
Russia is now being forced to cut production, as it makes little sense to extract oil if it cannot be transported or refined. According to Reuters, output has dropped by 300,000–400,000 barrels per day. This information was confirmed by five independent sources.
What is known about recent Ukrainian strikes on Russian refineries and ports
A few days ago, Ukraine’s Security Service struck the key Gorky oil pumping station in Russia, triggering a massive fire covering 20,000 square meters. The station is critical for transporting crude along domestic routes, including to a Lukoil refinery in the city of Kstovo.
In addition, drone strikes forced two Rosneft-owned refineries — Tuapse and Novokuibyshevsk — to halt operations.
On the night of April 22, drones also attacked the Russian city of Syzran in the Samara region, where explosions were reported at a local refinery.
