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Russia's Refining Capacity Plummets Amid Ukraine Drone Strikes

9/24/2025

31 6 Full Breakdown

Summary

Story summary

Russia's refining capacity has fallen by nearly 20% on some days due to intensified Ukrainian drone attacks.
The Russian government is weighing extending the gasoline export ban until October 31, 2025.
Some gasoline grades are unavailable, especially in the Far East and Crimea. Independent filling stations account for about 40% of the market and face higher borrowing costs.

History

Historical Context

The 1973 Arab Oil Embargo caused global gasoline shortages as OPEC cut production by 25%. In 2022, Russia's invasion of Ukraine led to sanctions that reduced its oil refining capacity by nearly 20%. The potential extension of a gasoline export ban until October 31, 2025, could worsen shortages in regions like Crimea, where independent filling stations control 40% of the market.

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Story summary

Russia's refining capacity has fallen by nearly 20% on some days due to intensified Ukrainian drone attacks.
The Russian government is weighing extending the gasoline export ban until October 31, 2025.
Some gasoline grades are unavailable, especially in the Far East and Crimea. Independent filling stations account for about 40% of the market and face higher borrowing costs.

1 / 2