Back to today’s briefing

Story perspectives

Russia's Crude Shipments Plummet Amid Sanctions, Economic Crisis

11/6/2025

26 3 Full Breakdown

Summary

Russia's Crude Decline

In early November 2025, Russia's seaborne crude shipments averaged 3.58 million barrels per day, the lowest since January 2024.
The drop followed the United States sanctions on Rosneft and Lukoil.
Major buyers in India, China, and Turkey reduced or halted purchases.
About 380 million barrels are floating at sea and cannot generate revenue.
Oil revenue fell to $1.36 billion weekly, worsening economic strain amid inflation.

Summary

EU Sanctions Intensify

In November 2025, the European Union intensifies sanctions on Russian energy and plans to phase out fossil fuel imports by 2027.
Ukraine's drone strikes on Russian refineries have disrupted oil supply and raised prices.
The European Union's 18th sanctions package aims to close loopholes for Russian crude entering via third countries.

History

Historical Context

In 2012, the U.S. imposed strict sanctions on Iran's oil sector, cutting exports by over 50% and severely impacting its economy, which relies heavily on oil revenues. Similarly, recent sanctions on Russian firms like Rosneft and Lukoil have led to significant declines in crude shipments, affecting global oil markets and driving up energy prices, reminiscent of the challenges faced during the Iranian sanctions.

1 of 3

Russia's Crude Decline

In early November 2025, Russia's seaborne crude shipments averaged 3.58 million barrels per day, the lowest since January 2024.
The drop followed the United States sanctions on Rosneft and Lukoil.
Major buyers in India, China, and Turkey reduced or halted purchases.
About 380 million barrels are floating at sea and cannot generate revenue.
Oil revenue fell to $1.36 billion weekly, worsening economic strain amid inflation.

1 / 3