Russia’s oil sector takes massive hit from Ukrainian attacks: Data revealed
Oil pumps at a drilling rig (Photo: Getty Images)
Moscow has lost 40% of its oil revenue due to a range of factors, including Ukrainian drone attacks on enemy refineries, oil terminals, and other facilities essential to the business, according to Reuters.
Russia has lost up to 40% of its oil exports
Russia is facing the largest disruption to its oil exports in modern history - key ports, pipelines, and tankers have come under attack.
At least 40% of Russia’s oil export capacities are currently offline. This is the result of Ukrainian drone strikes, which have damaged infrastructure, as well as logistical challenges, according to Reuters calculations.
This amounts to approximately 2 million barrels per day - a significant portion of the supplies of one of the world’s largest oil exporters.
What happened
Ukraine has recently intensified strikes on Russian oil infrastructure. All three of the country’s main western export ports - Novorossiysk, Primorsk, and Ust-Luga, for example - have come under attack.
Additionally, not long ago, a tanker carrying Russian oil was detained by the US. Washington took appropriate action.
Even the blocking of the Strait of Hormuz, which was expected to boost Russia’s oil revenues, has not affected these figures.
