A LITTLE HURT⟩ Ukraine’s attacks on Russian ports leave the Kremlin without billions of dollars

Smoke Observed at Ust-Luga Oil Terminal Following Drone Attacks

Satellite imagery taken on Sunday indicates smoke rising from the Ust-Luga oil terminal in Russia. The observation follows a significant decline in Russia’s weekly oil exports, attributed to ongoing Ukrainian drone attacks targeting key Baltic Sea ports. Data from Bloomberg reveals a sharp drop in Russia’s oil shipments, specifically a reduction of approximately 1.75 million barrels per day last week.

This decrease is directly linked to repeated attacks by Ukrainian drones on the ports of Primorsk and Ust-Luga. The disruptions at these terminals, vital for Russia’s oil trade, have resulted in a near $1 billion weekly loss in revenue. The continued attacks are significantly impacting Russia’s ability to export oil by sea.

Authorities have not yet confirmed the cause of the smoke at Ust-Luga. The situation underscores the escalating impact of the attacks on Russia’s energy sector and highlights the challenges facing the country’s oil exports. Investigations into the incidents are ongoing.

Topics: #oil #russia #attacks