According to Reuters, Russia has lost 40% of its oil export capacity due to attacks and sanctions. Ukraine has shut down key ports and Europe has tightened sanctions controls. Deliveries through the Druzhba pipeline have been halted.
Large-scale failure of Russian oil exports
According to the calculations Reuters, Russia lost 40% of its oil export capacity. This is the largest oil supply disruption in the modern history of the country, which is the world's second largest exporter.
The crisis arose against the backdrop of the war in Iran, which caused global oil prices to rise by more than $100 per barrel.
Reasons for stopping exports
Ukraine has disabled or severely restricted the operation of Russia's three largest western ports:
- Novorossiysk (Black Sea)
- Primorsk (Baltic Sea)
- Ust-Luga (Baltic Sea)
Deliveries through the Druzhba pipeline have been suspended due to damage to the infrastructure. In addition, due to the tightening of sanctions controls in Europe, the detention of vessels linked to the Russian Federation has become more frequent.
Context.
Russia is the world's second largest oil exporter after Saudi Arabia. Oil remains a key source of revenue for the Russian budget, especially in the face of prolonged sanctions and the war against Ukraine.
Ukrainian
English
