Ukraine’s campaign of strikes on port infrastructure, pipelines and oil-refining facilities has cut Russia’s export capacity by roughly 20%, Reuters reports, citing industry sources.
Over the past month, Kyiv has stepped up attacks on assets critical to oil shipments, including strikes on the Baltic ports of Ust-Luga and Primorsk.
Reuters estimates that at least 20% of Russia’s total export capacity is currently offline. That is below the March peak, when the figure reached 40%, but, Reuters’s sources say, even the current level of disruption is already enough to affect production volumes.
A drop in Russian output—the world’s second-largest oil exporter—is adding to pressure on global supply at a moment when oil markets are already under severe strain from the conflict in the Middle East, Reuters notes.