economy
April 6, 2026
UKRAINIAN ATTACKS ON TWO MAJOR OIL TERMINALS COST RUSSIA A BILLION DOLLARS! FT Experts Analyze Ukrainian Attacks From March 23 to 29
Recent Ukrainian drone attacks targeting major Russian oil terminals in the Baltic Sea (Ust-Luga and Primorsk) cost Russian energy exporters approximately $970 million (842 million euros) in lost revenue during the week of March 23-29, the British newspaper Financial Times reported, citing expert estimates.
TL;DR
- Attacks on oil terminals in Primorsk have caused $200 million in oil destruction.
- Ukrainian attacks are disrupting Russia's ability to profit from rising oil prices, which are influenced by the Middle East conflict.
- The attacks highlight weaknesses in Russia's drone defense systems.
- Loading operations might resume in a few days, but damaged tanks will require months to reconstruct.
- Repairs to processing lines at Novatek's Ust-Luga terminal could take over a month.