Ukrainian strikes on refineries cause 55% drop in Russia's seaborne oil product exports

Russia's seaborne oil product exports fell by 54.7% in July compared to the same month in 2025, to 3.93 million tonnes. Average daily shipments dropped by 33.3% compared to June.

Source: Reuters, with reference to industry sources and its own calculations

Details: Drones have attacked a number of major Russian oil refineries in recent months. The damage has forced facilities to undergo unscheduled repairs, resulting in reduced oil processing, fuel production and exports.

The largest decline was in shipments through the Arctic ports of Murmansk and Arkhangelsk – down 85.4% compared to June, to 44,000 tonnes.

Ukrainian strikes on refineries cause 55% drop in Russia's seaborne oil product exports

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