Russia loses billions as Ukraine drones target key oil hubs
Channel: Kanal13
Date: 24/01/2024

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Russia could lose billions in oil exports, should Ukraine successfully attack the country's major fuel terminals in the Baltic Sea, according to Newsweek. 
On January 18, Ukraine launched a drone attack on a St. Petersburg oil terminal, about 620 miles from the Ukrainian border. It marked the first time a drone had targeted Russian President Vladimir Putin's home region, Leningrad, since the full-scale war in Ukraine began in February 2022.
Another Ukrainian drone attack near the city of St. Petersburg overnight on Sunday struck a major gas export terminal—a Novatek PJSC gas-condensate plant in the port Ust-Luga—causing a huge fire, and halting fuel supplies. Ust-Luga is Russia's largest Baltic port, and Ukraine's Security Service claimed responsibility for that attack, the Kyiv Post newspaper reported.
Should Ukraine successfully strike Russia's two major oil terminals in the Baltic Sea, Ust-Luga and Primorsk, it could halt the export of 1.5 million barrels of oil per day. This could cause the country to lose billions, Bloomberg reported.  
The amount of oil shipped by the two oil terminals daily accounted for more than 40 percent of Moscow's total seaborne crude exports on average from January to November 2023, Bloomberg reported, citing industry data.
Russia depends on its oil exports and energy industry, which make up some 30 percent of the country's budget revenues, and are crucial for the funding of Moscow's ongoing war in neighboring Ukraine.

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